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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Brazilian Real/South African Rand (FOREX:BRLZAR)

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_BRLZAR
Open High Low BRLZAR Price Change
3.4656930 3.4798787 3.4404589 3.4487050 -0.0169880
Entry Signal

MarketClub’s Trade Triangles for BRLZAR

long term down The long term trend has been DOWN since Sep 2nd, 2019 at 3.6435500

intermediate term down The intermediate term trend has been DOWN since Jan 16th, 2020 at 3.4504206

short term up The short term trend has been UP since Jan 20th, 2020 at 3.4890190

Smart Scan Analysis for BRLZAR

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

-85
Smart Scan Analysis for BRLZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.4656930 3.4798787 3.4404589 3.4487050 -0.0169880
Prev. Close Volume Bid Ask Time
3.4656930 3.4457463 3.4516636 2020-01-21 10:08:15
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