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.
MarketClub’s Trade Triangles for BRLCLP
The long-term trend has been UP since Oct 31st, 2019 at 186.74790
The intermediate-term trend has been DOWN since Feb 5th, 2020 at 182.80903
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).