Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Chilean Peso/Brazilian Real (FOREX:CLPBRL)
Sidelines Mode (+50) - CLPBRL is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CLPBRL can gain momentum.
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 UP since Oct 10th, 2021 at 0.00677303
The short-term trend has been UP since Oct 10th, 2021 at 0.00675060
Smart Scan Analysis for CLPBRL
Based on our trend formula, CLPBRL is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).