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.
MarketClub’s Trade Triangles for BRLCLP
The long-term trend has been DOWN since Mar 2nd, 2020 at 181.1626
The intermediate-term trend has been DOWN since Dec 18th, 2020 at 141.1898
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).