Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Brazilian Real/Chilean Peso (FOREX:BRLCLP)
Crossroads (-60) - BRLCLP is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for BRLCLP
The long-term trend has been UP since May 25th, 2021 at 138.5926
The intermediate-term trend has been DOWN since Jul 20th, 2022 at 172.6666
The short-term trend has been DOWN since Aug 10th, 2022 at 174.5255
Smart Scan Analysis for BRLCLP
Based on our trend formula, BRLCLP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).