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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Brazilian Real/Chilean Peso (FOREX:BRLCLP)

Crossroads (-60) - BRLCLP is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_BRLCLP
Open High Low BRLCLP Price Change
172.84197 172.86571 172.79790 172.84679 +0.00482
Entry Signal

MarketClub’s Trade Triangles for BRLCLP

long term up The long-term trend has been UP since May 25th, 2021 at 138.5926

intermediate term down The intermediate-term trend has been DOWN since Jul 20th, 2022 at 172.6666

short term down The short-term trend has been DOWN since Aug 10th, 2022 at 174.5255

Smart Scan Analysis for BRLCLP

Based on our trend formula, BRLCLP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for BRLCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
172.84197 172.86571 172.79790 172.84679 +0.00482
Prev. Close Volume Bid Ask Time
172.84197 2022-08-16 06:31:12
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