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Forex Trend Analysis Report

Prepared for you on Saturday, February 16, 2019.

US Dollar/Brazilian Real (FOREX:USDBRL)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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_USDBRL
Open High Low USDBRL Price Change
3.7024 3.7024 3.7024 3.7024 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDBRL

long term down The long term trend has been DOWN since Oct 17th, 2018 at 3.68710

intermediate term down The intermediate term trend has been DOWN since Jan 2nd, 2019 at 3.83385

short term down The short term trend has been DOWN since Feb 15th, 2019 at 3.70410

Smart Scan Analysis for USDBRL

Based on a pre-defined weighted trend formula for chart analysis, USDBRL scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for USDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7024 3.7024 3.7024 3.7024 0.0000
Prev. Close Volume Bid Ask Time
3.7024 3.7005 3.7043 2019-02-16 11:29:42
Want to analyze US Dollar/Brazilian Real USDBRL or another symbol? Try our Free Forex Trend Analysis Report.