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Forex Trend Analysis Report

Prepared for you on Saturday, August 17, 2019.

US Dollar/Brazilian Real (FOREX:USDBRL)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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_USDBRL
Open High Low USDBRL Price Change
3.9919 4.0072 3.9779 4.0061 +0.0142
Entry Signal

MarketClub’s Trade Triangles for USDBRL

long term down The long term trend has been DOWN since Jul 4th, 2019 at 3.80905

intermediate term up The intermediate term trend has been UP since Aug 1st, 2019 at 3.82270

short term up The short term trend has been UP since Aug 1st, 2019 at 3.81910

Smart Scan Analysis for USDBRL

Based on a pre-defined weighted trend formula for chart analysis, USDBRL scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for USDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.9919 4.0072 3.9779 4.0061 +0.0142
Prev. Close Volume Bid Ask Time
4.0061 4.0046 4.0076 2019-08-16 19:56:22
Want to analyze US Dollar/Brazilian Real USDBRL or another symbol? Try our Free Forex Trend Analysis Report.