Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Brazilian Real/Chilean Peso (FOREX:BRLCLP)
Weak Downtrend (-65) - BRLCLP is showing signs of a strengthening downtrend. Monitor BRLCLP as it may be building momentum to the downside.
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 138.59260
The intermediate-term trend has been DOWN since Oct 19th, 2021 at 146.31580
The short-term trend has been DOWN since Oct 19th, 2021 at 147.53711
Smart Scan Analysis for BRLCLP
Based on our trend formula, BRLCLP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).