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Forex Trend Analysis Report

Prepared for you on Sunday, September 8, 2024.

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
169.23270 169.99580 168.42135 168.94650 -0.28620
Entry Signal

MarketClub’s Trade Triangles for BRLCLP

long term down The long-term trend has been DOWN since May 9th, 2024 at 182.07768

intermediate term down The intermediate-term trend has been DOWN since Aug 29th, 2024 at 163.14370

short term up The short-term trend has been UP since Sep 3rd, 2024 at 164.31487

Smart Scan Analysis for BRLCLP

Based on our trend formula, BRLCLP is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for BRLCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
169.23270 169.99580 168.42135 168.94650 -0.28620
Prev. Close Volume Bid Ask Time
169.23270 2024-09-06 17:07:25
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