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Forex Trend Analysis Report

Prepared for you on Tuesday, October 16, 2018.

US Dollar/Brazilian Real (FOREX:USDBRL)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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
3.73560 3.73635 3.69615 3.71370 -0.02190
Entry Signal

MarketClub’s Trade Triangles for USDBRL

long term up The long term trend has been UP since Nov 3rd, 2017 at 3.2997

intermediate term down The intermediate term trend has been DOWN since Sep 21st, 2018 at 4.0382

short term down The short term trend has been DOWN since Oct 2nd, 2018 at 3.9898

Smart Scan Analysis for USDBRL

Based on a pre-defined weighted trend formula for chart analysis, USDBRL scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for USDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.73560 3.73635 3.69615 3.71370 -0.02190
Prev. Close Volume Bid Ask Time
3.7356 3.71250 3.71490 2018-10-16 12:02:22
Want to analyze US Dollar/Brazilian Real USDBRL or another symbol? Try our Free Forex Trend Analysis Report.