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Forex Trend Analysis Report

Prepared for you on Sunday, September 24, 2017.

Brazilian Real/Peruvian Nuevo Sol (FOREX:BRLPEN)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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_BRLPEN
Open High Low BRLPEN Price Change
1.03605 1.03970 1.03530 1.03890 +0.00285
Entry Signal

MarketClub’s Trade Triangles for BRLPEN

long term up The long term trend has been UP since Sep 6th, 2017 at 1.04220

intermediate term up The intermediate term trend has been UP since Sep 5th, 2017 at 1.03655

short term down The short term trend has been DOWN since Sep 21st, 2017 at 1.03315

Smart Scan Analysis for BRLPEN

Based on a pre-defined weighted trend formula for chart analysis, BRLPEN scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for BRLPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.03605 1.03970 1.03530 1.03890 +0.00285
Prev. Close Volume Bid Ask Time
1.04080 1.03620 1.04160 2017-09-22 17:06:52
Want to analyze Brazilian Real/Peruvian Nuevo Sol BRLPEN or another symbol? Try our Free Forex Trend Analysis Report.