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Forex Trend Analysis Report

Prepared for you on Tuesday, May 22, 2018.

Mexican Peso/Brazilian Real (FOREX:MXNBRL)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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.

FOREX_MXNBRL
Open High Low MXNBRL Price Change
0.185280 0.186355 0.183660 0.184375 -0.000905
Entry Signal

MarketClub’s Trade Triangles for MXNBRL

long term up The long term trend has been UP since Feb 12th, 2018 at 0.17640

intermediate term up The intermediate term trend has been UP since May 16th, 2018 at 0.18754

short term down The short term trend has been DOWN since May 21st, 2018 at 0.18603

Smart Scan Analysis for MXNBRL

Based on a pre-defined weighted trend formula for chart analysis, MXNBRL scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for MXNBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.185280 0.186355 0.183660 0.184375 -0.000905
Prev. Close Volume Bid Ask Time
0.185280 0.184200 0.184550 2018-05-22 20:29:36
Want to analyze Mexican Peso/Brazilian Real MXNBRL or another symbol? Try our Free Forex Trend Analysis Report.