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Forex Trend Analysis Report

Prepared for you on Friday, September 22, 2023.

Brazilian Real/Chilean Peso (FOREX:BRLCLP)

Countertrend Up (+85) - BRLCLP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
180.21472 181.36659 179.79530 181.11540 +0.90068
Entry Signal

MarketClub’s Trade Triangles for BRLCLP

long term up The long-term trend has been UP since Apr 7th, 2023 at 162.84261

intermediate term up The intermediate-term trend has been UP since Apr 3rd, 2023 at 158.66617

short term down The short-term trend has been DOWN since Sep 20th, 2023 at 181.36540

Smart Scan Analysis for BRLCLP

Based on our trend formula, BRLCLP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for BRLCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
180.21472 181.36659 179.79530 181.11540 +0.90068
Prev. Close Volume Bid Ask Time
180.21472 2023-09-22 11:43:07
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