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Forex Trend Analysis Report

Prepared for you on Wednesday, November 14, 2018.

Mexican Peso/Brazilian Real (FOREX:MXNBRL)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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_MXNBRL
Open High Low MXNBRL Price Change
0.185555 0.186220 0.184955 0.184955 -0.000600
Entry Signal

MarketClub’s Trade Triangles for MXNBRL

long term down The long term trend has been DOWN since Oct 19th, 2018 at 0.193050

intermediate term down The intermediate term trend has been DOWN since Oct 2nd, 2018 at 0.209760

short term down The short term trend has been DOWN since Nov 9th, 2018 at 0.186095

Smart Scan Analysis for MXNBRL

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

-100
Smart Scan Analysis for MXNBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.185555 0.186220 0.184955 0.184955 -0.000600
Prev. Close Volume Bid Ask Time
0.185555 0.184780 0.185130 2018-11-14 11:11:44
Want to analyze Mexican Peso/Brazilian Real MXNBRL or another symbol? Try our Free Forex Trend Analysis Report.