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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Brazilian Real/Chilean Peso (FOREX:BRLCLP)

Weak Downtrend (-65) - BRLCLP is showing signs of a strengthening downtrend. Monitor BRLCLP as it may be building momentum to the downside.

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.

FOREX_BRLCLP
Open High Low BRLCLP Price Change
144.57424 144.62535 144.54359 144.56913 -0.00511
Entry Signal

MarketClub’s Trade Triangles for BRLCLP

long term up The long-term trend has been UP since May 25th, 2021 at 138.59260

intermediate term down The intermediate-term trend has been DOWN since Oct 19th, 2021 at 146.31580

short term down The short-term trend has been DOWN since Oct 19th, 2021 at 147.53711

Smart Scan Analysis for BRLCLP

Based on our trend formula, BRLCLP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for BRLCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
144.57424 144.62535 144.54359 144.56913 -0.00511
Prev. Close Volume Bid Ask Time
144.57424 2021-10-22 06:15:24
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