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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

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 ?

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
184.77528 185.22140 182.54680 183.59750 -1.17778
Entry Signal

MarketClub’s Trade Triangles for BRLCLP

long term up The long-term trend has been UP since Oct 31st, 2019 at 186.74790

intermediate term down The intermediate-term trend has been DOWN since Feb 5th, 2020 at 182.80903

short term up The short-term trend has been UP since Feb 16th, 2020 at 184.54220

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).

+55
Smart Scan Analysis for BRLCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
184.77528 185.22140 182.54680 183.59750 -1.17778
Prev. Close Volume Bid Ask Time
184.77528 183.54560 183.64940 2020-02-17 16:44:22
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