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Forex Trend Analysis Report

Prepared for you on Sunday, January 20, 2019.

Brazilian Real/Euro (FOREX:BRLEUR)

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_BRLEUR
Open High Low BRLEUR Price Change
0.23390 0.23540 0.23329 0.23442 +0.00052
Entry Signal

MarketClub’s Trade Triangles for BRLEUR

long term up The long term trend has been UP since Oct 9th, 2018 at 0.23475

intermediate term up The intermediate term trend has been UP since Jan 2nd, 2019 at 0.22935

short term down The short term trend has been DOWN since Jan 17th, 2019 at 0.23379

Smart Scan Analysis for BRLEUR

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

+85
Smart Scan Analysis for BRLEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.23390 0.23540 0.23329 0.23442 +0.00052
Prev. Close Volume Bid Ask Time
0.23390 0.23420 0.23464 2019-01-18 18:06:24
Want to analyze Brazilian Real/Euro BRLEUR or another symbol? Try our Free Forex Trend Analysis Report.