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Forex Trend Analysis Report

Prepared for you on Thursday, May 24, 2018.

Brazilian Real/ (FOREX:BRLRSD)

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.

FOREX_BRLRSD
Open High Low BRLRSD Price Change
27.8365 27.8420 27.7225 27.7885 -0.0480
Entry Signal

MarketClub’s Trade Triangles for BRLRSD

long term down The long term trend has been DOWN since Apr 25th, 2017 at 35.7400

intermediate term down The intermediate term trend has been DOWN since Mar 13th, 2018 at 29.2400

short term up The short term trend has been UP since May 22nd, 2018 at 27.2695

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
27.8365 27.8420 27.7225 27.7885 -0.0480
Prev. Close Volume Bid Ask Time
27.8365 27.7590 27.8180 2018-05-24 07:31:07
Want to analyze Brazilian Real/ BRLRSD or another symbol? Try our Free Forex Trend Analysis Report.