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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

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.

FOREX_BRLCLP
Open High Low BRLCLP Price Change
185.8340 186.6297 184.5122 185.0762 -0.7578
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 Apr 24th, 2024 at 186.0637

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).

+55
Smart Scan Analysis for BRLCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
185.8340 186.6297 184.5122 185.0762 -0.7578
Prev. Close Volume Bid Ask Time
185.8340 2024-04-24 18:28:27
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