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Forex Trend Analysis Report

Prepared for you on Sunday, February 16, 2020.

Brazilian Real/Colombian Peso (FOREX:BRLCOP)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_BRLCOP
Open High Low BRLCOP Price Change
777.4944 789.2100 777.4944 789.1600 +11.6656
Entry Signal

MarketClub’s Trade Triangles for BRLCOP

long term down The long term trend has been DOWN since Sep 3rd, 2019 at 822.50

intermediate term down The intermediate term trend has been DOWN since Feb 13th, 2020 at 787.59

short term down The short term trend has been DOWN since Feb 13th, 2020 at 788.03

Smart Scan Analysis for BRLCOP

Based on a pre-defined weighted trend formula for chart analysis, BRLCOP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for BRLCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
777.4944 789.2100 777.4944 789.1600 +11.6656
Prev. Close Volume Bid Ask Time
777.4944 788.9600 789.3600 2020-02-14 16:59:54
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