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Forex Trend Analysis Report

Prepared for you on Tuesday, January 28, 2020.

Brazilian Real/Venezuelan Sovereign Bolivar (FOREX:BRLVES)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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_BRLVES
Open High Low BRLVES Price Change
17667.905 17795.158 17629.497 17795.158 +127.253
Entry Signal

MarketClub’s Trade Triangles for BRLVES

long term up The long term trend has been UP since Oct 3rd, 2018 at 15.8690

intermediate term up The intermediate term trend has been UP since Oct 25th, 2019 at 5059.4244

short term up The short term trend has been UP since Jan 22nd, 2020 at 17680.2150

Smart Scan Analysis for BRLVES

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

+100
Smart Scan Analysis for BRLVES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17667.905 17795.158 17629.497 17795.158 +127.253
Prev. Close Volume Bid Ask Time
17667.905 17788.795 17801.520 2020-01-28 17:25:28
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