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Forex Trend Analysis Report

Prepared for you on Friday, February 23, 2018.

US Dollar/Brazilian Real (FOREX:USDBRL)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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
3.2501 3.2505 3.2324 3.2382 -0.0119
Entry Signal

MarketClub’s Trade Triangles for USDBRL

long term up The long term trend has been UP since Nov 3rd, 2017 at 3.29970

intermediate term up The intermediate term trend has been UP since Feb 6th, 2018 at 3.24350

short term down The short term trend has been DOWN since Feb 23rd, 2018 at 3.23445

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
3.2501 3.2505 3.2324 3.2382 -0.0119
Prev. Close Volume Bid Ask Time
3.2501 3.2367 3.2397 2018-02-23 18:40:58
Want to analyze US Dollar/Brazilian Real USDBRL or another symbol? Try our Free Forex Trend Analysis Report.