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Forex Trend Analysis Report

Prepared for you on Wednesday, September 19, 2018.

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 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.

Open High Low BRLEUR Price Change
0.20600 0.20610 0.20580 0.20583 -0.00017
Entry Signal

MarketClub’s Trade Triangles for BRLEUR

long term down The long term trend has been DOWN since Apr 25th, 2017 at 0.288700

intermediate term down The intermediate term trend has been DOWN since Aug 13th, 2018 at 0.224125

short term up The short term trend has been UP since Sep 17th, 2018 at 0.207730

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).

Smart Scan Analysis for BRLEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20600 0.20610 0.20580 0.20583 -0.00017
Prev. Close Volume Bid Ask Time
0.20600 0.20566 0.20600 2018-09-19 02:36:10
Want to analyze Brazilian Real/Euro BRLEUR or another symbol? Try our Free Forex Trend Analysis Report.