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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

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
147.68728 147.73681 147.67903 147.70653 +0.01925
Entry Signal

MarketClub’s Trade Triangles for BRLCLP

long term down The long-term trend has been DOWN since Mar 2nd, 2020 at 181.16260

intermediate term up The intermediate-term trend has been UP since May 27th, 2020 at 152.58256

short term down The short-term trend has been DOWN since Jun 1st, 2020 at 147.46410

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
147.68728 147.73681 147.67903 147.70653 +0.01925
Prev. Close Volume Bid Ask Time
147.68728 147.66526 147.74781 2020-06-02 02:05:55
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