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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2020.

Turkish Lira/Brazilian Real (FOREX:TRYBRL)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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_TRYBRL
Open High Low TRYBRL Price Change
0.7100230 0.7105747 0.7066380 0.7072127 -0.0028100
Entry Signal

MarketClub’s Trade Triangles for TRYBRL

long term down The long term trend has been DOWN since Dec 17th, 2019 at 0.6898000

intermediate term up The intermediate term trend has been UP since Jan 13th, 2020 at 0.6985905

short term down The short term trend has been DOWN since Jan 20th, 2020 at 0.7052704

Smart Scan Analysis for TRYBRL

Based on a pre-defined weighted trend formula for chart analysis, TRYBRL scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for TRYBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7100230 0.7105747 0.7066380 0.7072127 -0.0028100
Prev. Close Volume Bid Ask Time
0.7100230 0.7068237 0.7076017 2020-01-22 09:56:00
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