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Forex Trend Analysis Report

Prepared for you on Tuesday, December 11, 2018.

Brazilian Real/Chilean Peso (FOREX:BRLCLP)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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_BRLCLP
Open High Low BRLCLP Price Change
173.1200 175.4200 172.6550 174.9085 +1.7885
Entry Signal

MarketClub’s Trade Triangles for BRLCLP

long term up The long term trend has been UP since Oct 8th, 2018 at 177.120

intermediate term down The intermediate term trend has been DOWN since Nov 7th, 2018 at 179.395

short term up The short term trend has been UP since Dec 11th, 2018 at 174.605

Smart Scan Analysis for BRLCLP

Based on a pre-defined weighted trend formula for chart analysis, BRLCLP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for BRLCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
173.1200 175.4200 172.6550 174.9085 +1.7885
Prev. Close Volume Bid Ask Time
173.1200 174.8477 174.9693 2018-12-11 21:03:47
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