Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2023.
Brazilian Real/Chilean Peso (FOREX:BRLCLP)
Countertrend Up (+85) - BRLCLP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Apr 7th, 2023 at 162.84261
The intermediate-term trend has been UP since Apr 3rd, 2023 at 158.66617
The short-term trend has been DOWN since Sep 20th, 2023 at 181.36540
Smart Scan Analysis for BRLCLP
Based on our trend formula, BRLCLP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).