Forex Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
Chilean Peso/Brazilian Real (FOREX:CLPBRL)
Strong Downtrend (-100) - CLPBRL is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CLPBRL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CLPBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for CLPBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CLPBRL
The long-term trend has been DOWN since May 30th, 2021 at 0.00727275
The intermediate-term trend has been DOWN since Jun 28th, 2022 at 0.00579978
The short-term trend has been DOWN since Jun 28th, 2022 at 0.00579978
Smart Scan Analysis for CLPBRL
Based on our trend formula, CLPBRL is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).