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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Canadian Dollar/Brazilian Real (FOREX:CADBRL)

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_CADBRL
Open High Low CADBRL Price Change
3.2092725 3.2209273 3.2039293 3.2096334 +0.0003610
Entry Signal

MarketClub’s Trade Triangles for CADBRL

long term up The long term trend has been UP since Aug 22nd, 2019 at 3.0655500

intermediate term up The intermediate term trend has been UP since Jan 6th, 2020 at 3.1332919

short term up The short term trend has been UP since Jan 2nd, 2020 at 3.1002016

Smart Scan Analysis for CADBRL

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

+100
Smart Scan Analysis for CADBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.2092725 3.2209273 3.2039293 3.2096334 +0.0003610
Prev. Close Volume Bid Ask Time
3.2092725 3.2068786 3.2123881 2020-01-21 08:47:45
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