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Forex Trend Analysis Report

Prepared for you on Sunday, December 16, 2018.

Brazilian Real/ (FOREX:BRLRSD)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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.

FOREX_BRLRSD
Open High Low BRLRSD Price Change
26.7420 26.7495 26.7420 26.7495 +0.0075
Entry Signal

MarketClub’s Trade Triangles for BRLRSD

long term up The long term trend has been UP since Oct 8th, 2018 at 27.6365

intermediate term down The intermediate term trend has been DOWN since Nov 22nd, 2018 at 27.2730

short term up The short term trend has been UP since Dec 12th, 2018 at 26.8390

Smart Scan Analysis for BRLRSD

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

+55
Smart Scan Analysis for BRLRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
26.7420 26.7495 26.7420 26.7495 +0.0075
Prev. Close Volume Bid Ask Time
26.7420 26.7210 26.7780 2018-12-16 20:54:02
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