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Forex Trend Analysis Report

Prepared for you on Wednesday, December 12, 2018.

Brazilian Real/Mexican Peso (FOREX:BRLMXN)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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_BRLMXN
Open High Low BRLMXN Price Change
5.17130 5.23350 5.15645 5.20650 +0.03520
Entry Signal

MarketClub’s Trade Triangles for BRLMXN

long term up The long term trend has been UP since Oct 19th, 2018 at 5.1911

intermediate term down The intermediate term trend has been DOWN since Nov 27th, 2018 at 5.2067

short term up The short term trend has been UP since Dec 12th, 2018 at 5.2002

Smart Scan Analysis for BRLMXN

Based on a pre-defined weighted trend formula for chart analysis, BRLMXN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for BRLMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.17130 5.23350 5.15645 5.20650 +0.03520
Prev. Close Volume Bid Ask Time
5.17130 5.20460 5.20840 2018-12-12 18:52:21
Want to analyze Brazilian Real/Mexican Peso BRLMXN or another symbol? Try our Free Forex Trend Analysis Report.