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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.

FOREX_BRLCLP
Open High Low BRLCLP Price Change
178.26706 178.36520 174.72828 175.09233 -3.17473
Entry Signal

MarketClub’s Trade Triangles for BRLCLP

long term down The long-term trend has been DOWN since Nov 1st, 2023 at 171.0973

intermediate term down The intermediate-term trend has been DOWN since Oct 31st, 2023 at 178.2501

short term down 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).

-100
Smart Scan Analysis for BRLCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
178.26706 178.36520 174.72828 175.09233 -3.17473
Prev. Close Volume Bid Ask Time
178.26706 2023-12-04 11:07:38
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