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Forex Trend Analysis Report

Prepared for you on Sunday, September 24, 2017.

US Dollar/Brazilian Real (FOREX:USDBRL)

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_USDBRL
Open High Low USDBRL Price Change
3.12500 3.18075 3.12500 3.18075 +0.05575
Entry Signal

MarketClub’s Trade Triangles for USDBRL

long term down The long term trend has been DOWN since Sep 6th, 2017 at 3.10650

intermediate term down The intermediate term trend has been DOWN since Sep 5th, 2017 at 3.12625

short term up The short term trend has been UP since Sep 17th, 2017 at 3.14410

Smart Scan Analysis for USDBRL

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

-55
Smart Scan Analysis for USDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.12500 3.18075 3.12500 3.18075 +0.05575
Prev. Close Volume Bid Ask Time
3.12500 3.17770 3.18380 2017-09-24 15:01:28
Want to analyze US Dollar/Brazilian Real USDBRL or another symbol? Try our Free Forex Trend Analysis Report.