Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
Chilean Peso/Brazilian Real (FOREX:CLPBRL)
Long-Term Downtrend (-90) - CLPBRL is in a strong downtrend that is likely to continue. While CLPBRL 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 CLPBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for CLPBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CLPBRL
The long-term trend has been DOWN since May 30th, 2021 at 0.00727275
The intermediate-term trend has been DOWN since Jun 28th, 2022 at 0.00579978
The short-term trend has been DOWN since Jun 28th, 2022 at 0.00579978
Smart Scan Analysis for CLPBRL
Based on our trend formula, CLPBRL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).