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Forex Trend Analysis Report

Prepared for you on Saturday, February 23, 2019.

US Dollar/Brazilian Real (FOREX:USDBRL)

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.

Open High Low USDBRL Price Change
3.74950 3.76725 3.74785 3.74785 -0.00165
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 up The short term trend has been UP since Feb 21st, 2019 at 3.74255

Smart Scan Analysis for USDBRL

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

Smart Scan Analysis for USDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.74950 3.76725 3.74785 3.74785 -0.00165
Prev. Close Volume Bid Ask Time
3.74950 3.74430 3.75140 2019-02-23 07:39:30
Want to analyze US Dollar/Brazilian Real USDBRL or another symbol? Try our Free Forex Trend Analysis Report.