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Forex Trend Analysis Report

Prepared for you on Wednesday, December 12, 2018.

Brazilian Real/Russian Ruble (FOREX:BRLRUB)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

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 BRLRUB Price Change
17.0125 17.2540 16.9855 17.2495 +0.2370
Entry Signal

MarketClub’s Trade Triangles for BRLRUB

long term up The long term trend has been UP since Oct 8th, 2018 at 17.7670

intermediate term down The intermediate term trend has been DOWN since Nov 15th, 2018 at 17.4945

short term up The short term trend has been UP since Dec 12th, 2018 at 17.0605

Smart Scan Analysis for BRLRUB

Based on a pre-defined weighted trend formula for chart analysis, BRLRUB scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for BRLRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.0125 17.2540 16.9855 17.2495 +0.2370
Prev. Close Volume Bid Ask Time
17.0125 17.2340 17.2650 2018-12-12 12:17:09
Want to analyze Brazilian Real/Russian Ruble BRLRUB or another symbol? Try our Free Forex Trend Analysis Report.