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Forex Trend Analysis Report

Prepared for you on Sunday, January 19, 2020.

Mexican Peso/Brazilian Real (FOREX:MXNBRL)

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_MXNBRL
Open High Low MXNBRL Price Change
0.22294180 0.22390870 0.22236844 0.22299373 +0.00005200
Entry Signal

MarketClub’s Trade Triangles for MXNBRL

long term up The long term trend has been UP since Sep 4th, 2019 at 0.20917000

intermediate term up The intermediate term trend has been UP since Jan 9th, 2020 at 0.21665992

short term up The short term trend has been UP since Jan 6th, 2020 at 0.21521359

Smart Scan Analysis for MXNBRL

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

+100
Smart Scan Analysis for MXNBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22294180 0.22390870 0.22236844 0.22299373 +0.00005200
Prev. Close Volume Bid Ask Time
0.22294180 0.22280049 0.22318697 2020-01-17 16:52:50
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