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Forex Trend Analysis Report

Prepared for you on Wednesday, May 23, 2018.

Brazilian Real/Mexican Peso (FOREX:BRLMXN)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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_BRLMXN
Open High Low BRLMXN Price Change
5.4362 5.4677 5.4339 5.4439 +0.0077
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 May 16th, 2018 at 5.3307

short term up The short term trend has been UP since May 21st, 2018 at 5.3756

Smart Scan Analysis for BRLMXN

Based on a pre-defined weighted trend formula for chart analysis, BRLMXN scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for BRLMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.4362 5.4677 5.4339 5.4439 +0.0077
Prev. Close Volume Bid Ask Time
5.4362 5.4420 5.4458 2018-05-23 06:53:35
Want to analyze Brazilian Real/Mexican Peso BRLMXN or another symbol? Try our Free Forex Trend Analysis Report.