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Forex Trend Analysis Report

Prepared for you on Wednesday, October 18, 2017.

Euro/Brazilian Real (FOREX:EURBRL)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 EURBRL Price Change
3.7174 3.7174 3.7164 3.7164 -0.0010
Entry Signal

MarketClub’s Trade Triangles for EURBRL

long term up The long term trend has been UP since Apr 25th, 2017 at 3.4541

intermediate term down The intermediate term trend has been DOWN since Oct 3rd, 2017 at 3.6951

short term down The short term trend has been DOWN since Oct 13th, 2017 at 3.7364

Smart Scan Analysis for EURBRL

Based on a pre-defined weighted trend formula for chart analysis, EURBRL scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for EURBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7174 3.7174 3.7164 3.7164 -0.0010
Prev. Close Volume Bid Ask Time
3.7174 3.7124 3.7204 2017-10-18 01:24:15
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