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Forex Trend Analysis Report

Prepared for you on Tuesday, April 20, 2021.

Brazilian Real/Chilean Peso (FOREX:BRLCLP)

Countertrend Down (-85) - BRLCLP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
126.31620 126.75160 125.05610 125.15488 -1.16132
Entry Signal

MarketClub’s Trade Triangles for BRLCLP

long term down The long-term trend has been DOWN since Mar 2nd, 2020 at 181.16260

intermediate term down The intermediate-term trend has been DOWN since Apr 5th, 2021 at 125.21391

short term up The short-term trend has been UP since Apr 16th, 2021 at 125.84271

Smart Scan Analysis for BRLCLP

Based on our trend formula, BRLCLP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for BRLCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
126.31620 126.75160 125.05610 125.15488 -1.16132
Prev. Close Volume Bid Ask Time
126.31620 2021-04-20 18:37:09
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