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Forex Trend Analysis Report

Prepared for you on Sunday, January 19, 2020.

Brazilian Real/US Dollar (FOREX:BRLUSD)

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_BRLUSD
Open High Low BRLUSD Price Change
0.23893153 0.24044823 0.23851551 0.24027491 +0.00134300
Entry Signal

MarketClub’s Trade Triangles for BRLUSD

long term down The long term trend has been DOWN since Aug 23rd, 2019 at 0.24268000

intermediate term down The intermediate term trend has been DOWN since Jan 13th, 2020 at 0.24362913

short term down The short term trend has been DOWN since Jan 3rd, 2020 at 0.24712142

Smart Scan Analysis for BRLUSD

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

-90
Smart Scan Analysis for BRLUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.23893153 0.24044823 0.23851551 0.24027491 +0.00134300
Prev. Close Volume Bid Ask Time
0.23893153 0.24018831 0.24036150 2020-01-17 16:32:44
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