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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

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
176.83219 177.27248 174.55940 175.46547 -1.36672
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 Mar 12th, 2024 at 192.66520

short term up The short-term trend has been UP since May 23rd, 2024 at 175.43110

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
176.83219 177.27248 174.55940 175.46547 -1.36672
Prev. Close Volume Bid Ask Time
176.83219 2024-05-24 17:02:18
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