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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Brazilian Real/Chilean Peso (FOREX:BRLCLP)

Weak Uptrend (+65) - BRLCLP is showing signs of weakening momentum to the upside. Monitor BRLCLP as it may be in the beginning stages of a reversal.

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
196.66292 196.74950 195.40230 195.40230 -1.26062
Entry Signal

MarketClub’s Trade Triangles for BRLCLP

long term up The long-term trend has been UP since Jan 10th, 2024 at 188.7386

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2024 at 192.6652

short term up The short-term trend has been UP since Mar 19th, 2024 at 189.9671

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
196.66292 196.74950 195.40230 195.40230 -1.26062
Prev. Close Volume Bid Ask Time
196.66292 2024-03-29 08:19:11
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