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Forex Trend Analysis Report

Prepared for you on Thursday, May 24, 2018.

Australian Dollar/Brazilian Real (FOREX:AUDBRL)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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_AUDBRL
Open High Low AUDBRL Price Change
2.74125 2.76855 2.74060 2.76540 +0.02415
Entry Signal

MarketClub’s Trade Triangles for AUDBRL

long term up The long term trend has been UP since Dec 14th, 2017 at 2.54665

intermediate term up The intermediate term trend has been UP since Mar 14th, 2018 at 2.57015

short term down The short term trend has been DOWN since May 22nd, 2018 at 2.77605

Smart Scan Analysis for AUDBRL

Based on a pre-defined weighted trend formula for chart analysis, AUDBRL scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for AUDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.74125 2.76855 2.74060 2.76540 +0.02415
Prev. Close Volume Bid Ask Time
2.74125 2.76280 2.76800 2018-05-24 20:55:39
Want to analyze Australian Dollar/Brazilian Real AUDBRL or another symbol? Try our Free Forex Trend Analysis Report.