Free Japanese Yen/Brazilian Real (JPYBRL) Technical Analysis Signals | Free Currency Technical Analysis Signals | 14 May

Overal Signals
Neutral Neutral Sell Hold
Last Update / Period
14 May / Daily

Japanese Yen/Brazilian Real (JPYBRL) signal with technical analysis on 14 May

On May 5, 2023, we conducted a comprehensive technical analysis of Bitcoin, considering 256 signals with intricate details. Here are the key findings: 36 suggested buy signal strategies, while 93 indicated sell signal strategies. The remaining 127 strategies remained neutral without providing any specific signal.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's delve into the details of each strategy:

Strategy 1:
Buy Signals: 13
Sell Signals: 20
Neutral Signals: 31
Result: This strategy leads to a Neutral position.

Strategy 2:
Buy Signals: 11
Sell Signals: 21
Neutral Signals: 32
Result: This strategy leads to a Neutral position.

Strategy 3:
Buy Signals: 9
Sell Signals: 23
Neutral Signals: 32
Result: This strategy leads to a Sell position.

Strategy 4:
Buy Signals: 3
Sell Signals: 29
Neutral Signals: 32
Result: This strategy leads to a Hold position.

Overal Strategy :
Buy Signals: 36
Sell Signals: 93
Neutral Signals: 127
Result: This strategy leads to a Sell position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are solely based on daily price changes and do not take external factors such as news, market sentiment, or company developments into account. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Japanese Yen/Brazilian Real (JPYBRL) investments, we strongly recommend visiting the "Magic Analysis" technical analysis website. They also provide signals for free, and if a signal aligns with ours, it's likely to be a reliable and valid indicator, as we've seen over time.

SSResult: Looking at the technical analysis for Japanese Yen/Brazilian Real (JPYBRL) on th, it appears that there is a tendency toward a sell signal based on historical data and analysis. However, it's essential to remember that these signals are not guarantees, and making investment decisions should be done carefully. It's important to consider the overall market conditions and how your choices align with your specific investment goals.

According to the above signals and forecasts, we recommend the following methods:
Japanese Yen/Brazilian Real (JPYBRL) trading strategy for those who are in buy positions (long positions): If you are currently in a buy position (long position), it is recommended to choose the optimal time to exit the current position based on the combination of technical analysis signals. If you have a high risk tolerance, wait for the market to move in the coming days.
Japanese Yen/Brazilian Real (JPYBRL) trading strategy for those who are in sell positions (short positions): If you are currently in a sell position (short position), holding your position may be the right strategy based on the consensus of our technical analysis signals. However, always be careful and monitor market developments closely.
For new positions: If you are not currently invested or are considering switching to a short position, it is recommended to consider the expected price range, which represents a potential downside of 2.37% based on the lowest expected price. Before entering into a selling position, be careful and do thorough research to ensure it is compatible with your risk tolerance and investment objectives.

In all your trading endeavors, the implementation of a well-defined stop loss strategy is paramount to manage potential downside risks effectively.

Useful Tips 2:, for those interested in long-term forecasting, we suggest utilizing the "predict-price" website, which offers both short-term and long-term predictions for free. This can help you make well-informed decisions for your Japanese Yen/Brazilian Real (JPYBRL) holdings.

Japanese Yen/Brazilian Real (JPYBRL) Price Analysis and Support Levels:

In our current Japanese Yen/Brazilian Real (JPYBRL) position, we find ourselves in a short position, anticipating a potential downward trend in the market. It's essential to have a clear understanding of the support levels that can come into play. These levels act as key reference points for traders and investors to make informed decisions.

First Support Level: 0.0326
The initial support level at 0.0326 is where we are closely monitoring the price. It serves as a critical point in our analysis. If the current downward trend persists without any signs of reversal, this level may be breached. This would imply that the selling pressure is quite substantial and might indicate further potential for price depreciation.

Second Support Level: 0.0321
In the event that the first support level at 0.0326 is broken, the second support level at 0 becomes pivotal. Breaking this level suggests a stronger downward momentum, which could be attributed to market sentiment, external factors, or a combination of both.

It's crucial to remember that these support levels should be looked at closely and understood in the context of overall market trends and indicators. To make well-informed decisions while trading Japanese Yen/Brazilian Real (JPYBRL), it's essential to stay alert and keep analyzing the market consistently. This will be valuable as we navigate the ever-changing world of Japanese Yen/Brazilian Real (JPYBRL) trading. By paying attention to these support levels and considering broader market dynamics, you can make smarter trading choices and adapt to the dynamic nature of this market.

Japanese Yen/Brazilian Real (JPYBRL) technical analysis chart

Japanese Yen/Brazilian Real (JPYBRL) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 0.0341 0.0349 0.0349 0.0373 0.0411
Support 0.0326 0.0321 -- -- --
Japanese Yen/Brazilian Real (JPYBRL) price movement in the coming days

Japanese Yen/Brazilian Real (JPYBRL) signals list for 14 May

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Japanese Yen/Brazilian Real (JPYBRL) technical analysis over the past days

# Date Overal Signals ALL Signals
1 13 May Sell NeutralNeutralSellHold
2 10 May Hold NeutralNeutralNeutralHold
3 09 May Hold HoldHoldHoldHold
4 08 May Sell SellSellHoldHold
5 07 May Hold NeutralNeutralHoldHold
6 06 May Sell HoldSellHoldHold
7 03 May Hold HoldNeutralHoldHold
8 02 May Hold NeutralHoldHoldHold
9 01 May Hold HoldHoldHoldHold
10 30 Apr Hold HoldHoldHoldHold
11 29 Apr Sell HoldHoldHoldSell
12 26 Apr Hold HoldHoldHoldNeutral
13 25 Apr Sell HoldSellSellNeutral
14 24 Apr Hold HoldNeutralNeutralNeutral
15 23 Apr Sell SellNeutralHoldHold
16 22 Apr Hold NeutralHoldHoldHold
17 19 Apr Hold HoldHoldHoldHold
18 18 Apr Hold HoldHoldHoldHold
19 17 Apr Hold HoldHoldHoldHold
20 16 Apr Hold HoldHoldHoldHold
21 15 Apr Buy BuyHoldHoldBuy
22 12 Apr Buy NeutralBuyBuyNeutral
23 11 Apr Hold HoldNeutralNeutralNeutral
24 10 Apr Sell HoldSellSellSell
25 09 Apr Sell SellNeutralNeutralNeutral
26 08 Apr Hold NeutralHoldNeutralNeutral
27 05 Apr Buy HoldBuyNeutralNeutral
28 04 Apr Hold NeutralNeutralNeutralNeutral
29 03 Apr Buy HoldBuyNeutralNeutral
30 02 Apr Neutral HoldNeutralNeutralNeutral

Users forecasts for Japanese Yen/Brazilian Real (JPYBRL)

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