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Forex Trend Analysis Report

Prepared for you on Monday, January 20, 2020.

US Dollar/Brazilian Real (FOREX:USDBRL)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. 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
4.1608000 4.1865000 4.1588503 4.1823000 +0.0215000
Entry Signal

MarketClub’s Trade Triangles for USDBRL

long term up The long term trend has been UP since Aug 23rd, 2019 at 4.12065

intermediate term up The intermediate term trend has been UP since Jan 13th, 2020 at 4.10470

short term up The short term trend has been UP since Jan 9th, 2020 at 4.09220

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
4.1608000 4.1865000 4.1588503 4.1823000 +0.0215000
Prev. Close Volume Bid Ask Time
4.1608000 4.1808000 4.1838000 2020-01-20 12:18:54
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