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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Brazilian Real/Canadian Dollar (FOREX:BRLCAD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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_BRLCAD
Open High Low BRLCAD Price Change
0.30479950 0.30879752 0.30433975 0.30840303 +0.00360400
Entry Signal

MarketClub’s Trade Triangles for BRLCAD

long term down The long term trend has been DOWN since Aug 22nd, 2019 at 0.32620500

intermediate term down The intermediate term trend has been DOWN since Jan 6th, 2020 at 0.31915341

short term down The short term trend has been DOWN since Feb 7th, 2020 at 0.30904773

Smart Scan Analysis for BRLCAD

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

-100
Smart Scan Analysis for BRLCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.30479950 0.30879752 0.30433975 0.30840303 +0.00360400
Prev. Close Volume Bid Ask Time
0.30826948 0.30813799 0.30866807 2020-02-14 16:52:58
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