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Forex Trend Analysis Report

Prepared for you on Thursday, January 17, 2019.

Mexican Peso/Brazilian Real (FOREX:MXNBRL)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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
0.197505 0.198475 0.197025 0.197965 +0.000460
Entry Signal

MarketClub’s Trade Triangles for MXNBRL

long term down The long term trend has been DOWN since Oct 19th, 2018 at 0.19305

intermediate term down The intermediate term trend has been DOWN since Jan 7th, 2019 at 0.19074

short term up The short term trend has been UP since Jan 10th, 2019 at 0.19308

Smart Scan Analysis for MXNBRL

Based on a pre-defined weighted trend formula for chart analysis, MXNBRL scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for MXNBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.197505 0.198475 0.197025 0.197965 +0.000460
Prev. Close Volume Bid Ask Time
0.197505 0.197780 0.198150 2019-01-17 10:47:50
Want to analyze Mexican Peso/Brazilian Real MXNBRL or another symbol? Try our Free Forex Trend Analysis Report.