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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

Brazilian Real/Argentine Peso (FOREX:BRLARS)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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_BRLARS
Open High Low BRLARS Price Change
14.327965 14.333900 14.292700 14.313600 -0.014365
Entry Signal

MarketClub’s Trade Triangles for BRLARS

long term up The long term trend has been UP since Dec 27th, 2017 at 5.602100

intermediate term down The intermediate term trend has been DOWN since Jan 12th, 2020 at 14.555497

short term down The short term trend has been DOWN since Jan 27th, 2020 at 14.316500

Smart Scan Analysis for BRLARS

Based on a pre-defined weighted trend formula for chart analysis, BRLARS scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for BRLARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.327965 14.333900 14.292700 14.313600 -0.014365
Prev. Close Volume Bid Ask Time
14.327965 14.309700 14.317500 2020-01-29 07:28:46
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