Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 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 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.
MarketClub’s Trade Triangles for BRLCLP
The long-term trend has been DOWN since Mar 2nd, 2020 at 181.16260
The intermediate-term trend has been UP since May 27th, 2020 at 152.58256
The short-term trend has been DOWN since Jun 1st, 2020 at 147.46410
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).