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Forex Trend Analysis Report

Prepared for you on Sunday, August 19, 2018.

Brazilian Real/Peruvian Nuevo Sol (FOREX:BRLPEN)

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_BRLPEN
Open High Low BRLPEN Price Change
0.8466 0.8466 0.8466 0.8466 0.0000
Entry Signal

MarketClub’s Trade Triangles for BRLPEN

long term down The long term trend has been DOWN since Dec 12th, 2017 at 0.97430

intermediate term down The intermediate term trend has been DOWN since Aug 13th, 2018 at 0.84587

short term down The short term trend has been DOWN since Aug 17th, 2018 at 0.84250

Smart Scan Analysis for BRLPEN

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

-90
Smart Scan Analysis for BRLPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8466 0.8466 0.8466 0.8466 0.0000
Prev. Close Volume Bid Ask Time
0.8466 0.8444 0.8488 2018-08-19 05:48:00
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