Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
Japanese Yen/Brazilian Real (FOREX:JPYBRL)
Bull Market Weakness (+75) - JPYBRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on JPYBRL as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid JPYBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYBRL
The long-term trend has been DOWN since Mar 7th, 2023 at 0.03782119
The intermediate-term trend has been UP since Mar 12th, 2023 at 0.03872461
The short-term trend has been UP since Mar 10th, 2023 at 0.03807479
Smart Scan Analysis for JPYBRL
Based on our trend formula, JPYBRL is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).