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Forex Trend Analysis Report

Prepared for you on Tuesday, August 21, 2018.

Brazilian Real/Mexican Peso (FOREX:BRLMXN)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
4.7818 4.7912 4.6703 4.6783 -0.1035
Entry Signal

MarketClub’s Trade Triangles for BRLMXN

long term down The long term trend has been DOWN since Feb 9th, 2018 at 5.6689

intermediate term down The intermediate term trend has been DOWN since Jun 28th, 2018 at 5.1966

short term down The short term trend has been DOWN since Aug 14th, 2018 at 4.8866

Smart Scan Analysis for BRLMXN

Based on a pre-defined weighted trend formula for chart analysis, BRLMXN scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for BRLMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.7818 4.7912 4.6703 4.6783 -0.1035
Prev. Close Volume Bid Ask Time
4.7818 4.6763 4.6803 2018-08-21 21:19:22
Want to analyze Brazilian Real/Mexican Peso BRLMXN or another symbol? Try our Free Forex Trend Analysis Report.