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Forex Trend Analysis Report

Prepared for you on Tuesday, February 20, 2018.

Mexican Peso/Brazilian Real (FOREX:MXNBRL)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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
0.174455 0.174555 0.174205 0.174225 -0.000230
Entry Signal

MarketClub’s Trade Triangles for MXNBRL

long term up The long term trend has been UP since Feb 12th, 2018 at 0.176400

intermediate term up The intermediate term trend has been UP since Jan 15th, 2018 at 0.170155

short term down The short term trend has been DOWN since Feb 14th, 2018 at 0.174015

Smart Scan Analysis for MXNBRL

Based on a pre-defined weighted trend formula for chart analysis, MXNBRL scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for MXNBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.174455 0.174555 0.174205 0.174225 -0.000230
Prev. Close Volume Bid Ask Time
0.174455 0.174050 0.174400 2018-02-20 05:14:58
Want to analyze Mexican Peso/Brazilian Real MXNBRL or another symbol? Try our Free Forex Trend Analysis Report.