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Forex Trend Analysis Report
Prepared for you on Friday, May 3, 2024.
Brazilian Real/Chilean Peso (FOREX:BRLCLP)
Sidelines Mode (+55) - BRLCLP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BRLCLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLCLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for BRLCLP
The long-term trend has been UP since Jan 10th, 2024 at 188.73860
The intermediate-term trend has been DOWN since Mar 12th, 2024 at 192.66520
The short-term trend has been UP since May 2nd, 2024 at 185.84302
Smart Scan Analysis for BRLCLP
Based on our trend formula, BRLCLP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 185.38120 | 186.33419 | 184.32280 | 185.73464 | +0.35344 |
| Prev. Close | Volume | Bid | Ask | Time |
| 185.38120 | 2024-05-03 09:38:20 |