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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

Brazilian Real/Chilean Peso (FOREX:BRLCLP)

Long-Term Downtrend (-90) - BRLCLP is in a strong downtrend that is likely to continue. While BRLCLP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
129.44280 129.48965 129.37500 129.45680 +0.01400
Entry Signal

MarketClub’s Trade Triangles for BRLCLP

long term down The long-term trend has been DOWN since Mar 2nd, 2020 at 181.1626

intermediate term down The intermediate-term trend has been DOWN since Dec 18th, 2020 at 141.1898

short term down The short-term trend has been DOWN since Feb 22nd, 2021 at 129.8299

Smart Scan Analysis for BRLCLP

Based on our trend formula, BRLCLP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BRLCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
129.44280 129.48965 129.37500 129.45680 +0.01400
Prev. Close Volume Bid Ask Time
129.44280 2021-02-26 05:21:23
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