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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2019.

US Dollar/Brazilian Real (FOREX:USDBRL)

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_USDBRL
Open High Low USDBRL Price Change
3.9386 3.9499 3.9269 3.9382 -0.0004
Entry Signal

MarketClub’s Trade Triangles for USDBRL

long term up The long term trend has been UP since Mar 25th, 2019 at 3.94310

intermediate term up The intermediate term trend has been UP since Mar 6th, 2019 at 3.79395

short term up The short term trend has been UP since Apr 12th, 2019 at 3.86355

Smart Scan Analysis for USDBRL

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

+100
Smart Scan Analysis for USDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.9386 3.9499 3.9269 3.9382 -0.0004
Prev. Close Volume Bid Ask Time
3.9386 3.9367 3.9397 2019-04-18 14:22:06
Want to analyze US Dollar/Brazilian Real USDBRL or another symbol? Try our Free Forex Trend Analysis Report.