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Forex Trend Analysis Report

Prepared for you on Tuesday, December 18, 2018.

US Dollar/Brazilian Real (FOREX:USDBRL)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_USDBRL
Open High Low USDBRL Price Change
3.8995 3.9128 3.8844 3.9123 +0.0128
Entry Signal

MarketClub’s Trade Triangles for USDBRL

long term down The long term trend has been DOWN since Oct 17th, 2018 at 3.6871

intermediate term up The intermediate term trend has been UP since Nov 13th, 2018 at 3.7832

short term up The short term trend has been UP since Dec 17th, 2018 at 3.9207

Smart Scan Analysis for USDBRL

Based on a pre-defined weighted trend formula for chart analysis, USDBRL scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for USDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.8995 3.9128 3.8844 3.9123 +0.0128
Prev. Close Volume Bid Ask Time
3.8995 3.9108 3.9138 2018-12-18 21:50:10
Want to analyze US Dollar/Brazilian Real USDBRL or another symbol? Try our Free Forex Trend Analysis Report.