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Forex Trend Analysis Report

Prepared for you on Wednesday, May 23, 2018.

US Dollar/Brazilian Real (FOREX:USDBRL)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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_USDBRL
Open High Low USDBRL Price Change
3.6477 3.6487 3.6471 3.6477 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDBRL

long term up The long term trend has been UP since Nov 3rd, 2017 at 3.2997

intermediate term up The intermediate term trend has been UP since Feb 6th, 2018 at 3.2435

short term down The short term trend has been DOWN since May 22nd, 2018 at 3.6610

Smart Scan Analysis for USDBRL

Based on a pre-defined weighted trend formula for chart analysis, USDBRL scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for USDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.6477 3.6487 3.6471 3.6477 0.0000
Prev. Close Volume Bid Ask Time
3.6477 3.6462 3.6492 2018-05-23 06:43:40
Want to analyze US Dollar/Brazilian Real USDBRL or another symbol? Try our Free Forex Trend Analysis Report.