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Forex Trend Analysis Report

Prepared for you on Thursday, May 24, 2018.

Brazilian Real/Chilean Peso (FOREX:BRLCLP)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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_BRLCLP
Open High Low BRLCLP Price Change
171.735 171.760 171.725 171.740 +0.005
Entry Signal

MarketClub’s Trade Triangles for BRLCLP

long term down The long term trend has been DOWN since May 18th, 2017 at 203.1150

intermediate term down The intermediate term trend has been DOWN since May 11th, 2018 at 171.6875

short term up The short term trend has been UP since May 21st, 2018 at 172.5000

Smart Scan Analysis for BRLCLP

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

-85
Smart Scan Analysis for BRLCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
171.735 171.760 171.725 171.740 +0.005
Prev. Close Volume Bid Ask Time
171.735 171.670 171.810 2018-05-24 01:58:17
Want to analyze Brazilian Real/Chilean Peso BRLCLP or another symbol? Try our Free Forex Trend Analysis Report.