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.
MarketClub’s Trade Triangles for BRLCLP
The long-term trend has been DOWN since Mar 2nd, 2020 at 181.16260
The intermediate-term trend has been DOWN since Apr 5th, 2021 at 125.21391
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).