Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Brazilian Real/Chilean Peso (FOREX:BRLCLP)
Strong Downtrend (-100) - BRLCLP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BRLCLP continues to fall. 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 Nov 1st, 2023 at 171.0973
The intermediate-term trend has been DOWN since Oct 31st, 2023 at 178.2501
The short-term trend has been DOWN since Nov 15th, 2023 at 182.9987
Smart Scan Analysis for BRLCLP
Based on our trend formula, BRLCLP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).