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Forex Trend Analysis Report

Prepared for you on Tuesday, July 25, 2017.

Brazilian Real/Peruvian Nuevo Sol (FOREX:BRLPEN)

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.

Open High Low BRLPEN Price Change
1.03160 1.03365 1.02330 1.02680 -0.00480
Entry Signal

MarketClub’s Trade Triangles for BRLPEN

long term down The long term trend has been DOWN since Nov 10th, 2016 at 1.0126

intermediate term up The intermediate term trend has been UP since Jul 10th, 2017 at 0.9971

short term down The short term trend has been DOWN since Jul 25th, 2017 at 1.0270

Smart Scan Analysis for BRLPEN

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

Smart Scan Analysis for BRLPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.03160 1.03365 1.02330 1.02680 -0.00480
Prev. Close Volume Bid Ask Time
1.03160 1.02410 1.02950 2017-07-25 17:27:45
Want to analyze Brazilian Real/Peruvian Nuevo Sol BRLPEN or another symbol? Try our Free Forex Trend Analysis Report.