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Forex Trend Analysis Report

Prepared for you on Saturday, August 18, 2018.

Brazilian Real/ (FOREX:BRLRSD)

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_BRLRSD
Open High Low BRLRSD Price Change
26.5550 26.5670 26.2015 26.3985 -0.1565
Entry Signal

MarketClub’s Trade Triangles for BRLRSD

long term down The long term trend has been DOWN since Apr 25th, 2017 at 35.740

intermediate term down The intermediate term trend has been DOWN since Aug 13th, 2018 at 26.446

short term down The short term trend has been DOWN since Aug 7th, 2018 at 27.077

Smart Scan Analysis for BRLRSD

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

-90
Smart Scan Analysis for BRLRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
26.5550 26.5670 26.2015 26.3985 -0.1565
Prev. Close Volume Bid Ask Time
26.5550 26.3710 26.4260 2018-08-17 18:27:57
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