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Forex Trend Analysis Report

Prepared for you on Friday, October 19, 2018.

Brazilian Real/US Dollar (FOREX:BRLUSD)

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_BRLUSD
Open High Low BRLUSD Price Change
0.268695 0.270965 0.268635 0.269330 +0.000635
Entry Signal

MarketClub’s Trade Triangles for BRLUSD

long term up The long term trend has been UP since Oct 17th, 2018 at 0.271220

intermediate term up The intermediate term trend has been UP since Sep 21st, 2018 at 0.247590

short term up The short term trend has been UP since Oct 2nd, 2018 at 0.250505

Smart Scan Analysis for BRLUSD

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

+90
Smart Scan Analysis for BRLUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.268695 0.270965 0.268635 0.269330 +0.000635
Prev. Close Volume Bid Ask Time
0.268695 0.269220 0.269440 2018-10-19 18:35:00
Want to analyze Brazilian Real/US Dollar BRLUSD or another symbol? Try our Free Forex Trend Analysis Report.