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Forex Trend Analysis Report

Prepared for you on Wednesday, June 20, 2018.

Brazilian Real/CFA Franc BCEAO (FOREX:BRLXOF)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 BRLXOF Price Change
151.48 151.48 151.48 151.48 0.00
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 down The intermediate term trend has been DOWN since May 13th, 2018 at 154.68

short term up The short term trend has been UP since Jun 10th, 2018 at 149.65

Smart Scan Analysis for BRLXOF

Based on a pre-defined weighted trend formula for chart analysis, BRLXOF scored -75 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
151.48 151.48 151.48 151.48 0.00
Prev. Close Volume Bid Ask Time
151.48 151.48 151.48 2018-06-17 21:06:06
Want to analyze Brazilian Real/CFA Franc BCEAO BRLXOF or another symbol? Try our Free Forex Trend Analysis Report.