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Forex Trend Analysis Report

Prepared for you on Tuesday, January 28, 2020.

Brazilian Real/CFA Franc BCEAO (FOREX:BRLXOF)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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_BRLXOF
Open High Low BRLXOF Price Change
141.30305 141.46151 141.30305 141.46151 +0.15846
Entry Signal

MarketClub’s Trade Triangles for BRLXOF

long term down The long term trend has been DOWN since Sep 1st, 2019 at 145.44000

intermediate term down The intermediate term trend has been DOWN since Jan 20th, 2020 at 144.27418

short term up The short term trend has been UP since Jan 24th, 2020 at 141.41881

Smart Scan Analysis for BRLXOF

Based on a pre-defined weighted trend formula for chart analysis, BRLXOF scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for BRLXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
141.30305 141.46151 141.30305 141.46151 +0.15846
Prev. Close Volume Bid Ask Time
141.30305 141.46151 141.46151 2020-01-27 21:07:30
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