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Forex Trend Analysis Report

Prepared for you on Thursday, August 17, 2017.

Euro/Brazilian Real (FOREX:EURBRL)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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
3.7152 3.7199 3.6820 3.7177 +0.0025
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 up The intermediate term trend has been UP since Aug 9th, 2017 at 3.7099

short term down The short term trend has been DOWN since Aug 16th, 2017 at 3.7315

Smart Scan Analysis for EURBRL

Based on a pre-defined weighted trend formula for chart analysis, EURBRL scored +85 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
3.7152 3.7199 3.6820 3.7177 +0.0025
Prev. Close Volume Bid Ask Time
3.7152 3.7137 3.7217 2017-08-17 14:51:24
Want to analyze Euro/Brazilian Real EURBRL or another symbol? Try our Free Forex Trend Analysis Report.