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Forex Trend Analysis Report

Prepared for you on Friday, August 17, 2018.

Brazilian Real/CFA Franc BCEAO (FOREX:BRLXOF)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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.

Open High Low BRLXOF Price Change
148.11 149.56 148.11 149.56 +1.45
Entry Signal

MarketClub’s Trade Triangles for BRLXOF

long term down The long term trend has been DOWN since Apr 19th, 2017 at 194.93

intermediate term up The intermediate term trend has been UP since Jul 22nd, 2018 at 146.56

short term down The short term trend has been DOWN since Aug 8th, 2018 at 150.05

Smart Scan Analysis for BRLXOF

Based on a pre-defined weighted trend formula for chart analysis, BRLXOF scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for BRLXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
148.11 149.56 148.11 149.56 +1.45
Prev. Close Volume Bid Ask Time
148.11 149.56 149.56 2018-08-14 21:13:15
Want to analyze Brazilian Real/CFA Franc BCEAO BRLXOF or another symbol? Try our Free Forex Trend Analysis Report.