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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

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.

FOREX_BRLCLP
Open High Low BRLCLP Price Change
146.7963 159.7208 146.5450 159.6595 +12.8632
Entry Signal

MarketClub’s Trade Triangles for BRLCLP

long term down The long-term trend has been DOWN since May 9th, 2024 at 182.07768

intermediate term down The intermediate-term trend has been DOWN since Dec 3rd, 2024 at 160.01830

short term down The short-term trend has been DOWN since Dec 24th, 2024 at 159.78380

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).

-90
Smart Scan Analysis for BRLCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
146.7963 159.7208 146.5450 159.6595 +12.8632
Prev. Close Volume Bid Ask Time
146.7963 2024-12-26 07:22:49
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