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Forex Trend Analysis Report

Prepared for you on Saturday, October 20, 2018.

Brazilian Real/ (FOREX:BRLRSD)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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
27.8335 27.9805 27.6130 27.6655 -0.1680
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 up The intermediate term trend has been UP since Sep 27th, 2018 at 25.2980

short term up The short term trend has been UP since Oct 16th, 2018 at 27.4950

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
27.8335 27.9805 27.6130 27.6655 -0.1680
Prev. Close Volume Bid Ask Time
27.8335 27.6360 27.6950 2018-10-19 18:15:54
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