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Forex Trend Analysis Report

Prepared for you on Tuesday, December 10, 2024.

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.

FOREX_BRLCLP
Open High Low BRLCLP Price Change
159.51310 159.54458 159.45270 159.48420 -0.02890
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 8th, 2024 at 159.78390

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).

-100
Smart Scan Analysis for BRLCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
159.51310 159.54458 159.45270 159.48420 -0.02890
Prev. Close Volume Bid Ask Time
159.51310 2024-12-10 03:02:27
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