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Forex Trend Analysis Report

Prepared for you on Thursday, October 18, 2018.

Swiss Franc/Brazilian Real (FOREX:CHFBRL)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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_CHFBRL
Open High Low CHFBRL Price Change
3.7060 3.7106 3.7032 3.7106 +0.0046
Entry Signal

MarketClub’s Trade Triangles for CHFBRL

long term down The long term trend has been DOWN since Oct 17th, 2018 at 3.70030

intermediate term down The intermediate term trend has been DOWN since Sep 26th, 2018 at 4.16555

short term down The short term trend has been DOWN since Oct 16th, 2018 at 3.76040

Smart Scan Analysis for CHFBRL

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

-90
Smart Scan Analysis for CHFBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7060 3.7106 3.7032 3.7106 +0.0046
Prev. Close Volume Bid Ask Time
3.7060 3.7071 3.7141 2018-10-18 06:16:50
Want to analyze Swiss Franc/Brazilian Real CHFBRL or another symbol? Try our Free Forex Trend Analysis Report.