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Forex Trend Analysis Report

Prepared for you on Wednesday, December 12, 2018.

Brazilian Real/Indonesian Rupiah (FOREX:BRLIDR)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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_BRLIDR
Open High Low BRLIDR Price Change
3750.60 3798.85 3745.15 3781.95 +31.35
Entry Signal

MarketClub’s Trade Triangles for BRLIDR

long term up The long term trend has been UP since Oct 5th, 2018 at 3952.70

intermediate term down The intermediate term trend has been DOWN since Nov 5th, 2018 at 4005.50

short term up The short term trend has been UP since Dec 11th, 2018 at 3758.05

Smart Scan Analysis for BRLIDR

Based on a pre-defined weighted trend formula for chart analysis, BRLIDR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for BRLIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3750.60 3798.85 3745.15 3781.95 +31.35
Prev. Close Volume Bid Ask Time
3750.6 3780.10 3783.80 2018-12-12 17:57:20
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