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Forex Trend Analysis Report

Prepared for you on Friday, November 22, 2019.

Brazilian Real/Swiss Franc (FOREX:BRLCHF)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.

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_BRLCHF
Open High Low BRLCHF Price Change
0.23690000 0.23867517 0.23660000 0.23770000 +0.00080000
Entry Signal

MarketClub’s Trade Triangles for BRLCHF

long term down The long term trend has been DOWN since Aug 5th, 2019 at 0.24480000

intermediate term down The intermediate term trend has been DOWN since Nov 13th, 2019 at 0.23746700

short term up The short term trend has been UP since Nov 22nd, 2019 at 0.23714729

Smart Scan Analysis for BRLCHF

Based on a pre-defined weighted trend formula for chart analysis, BRLCHF scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for BRLCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.23690000 0.23867517 0.23660000 0.23770000 +0.00080000
Prev. Close Volume Bid Ask Time
0.23690000 0.23750000 0.23790000 2019-11-22 17:47:53
Want to analyze Brazilian Real/Swiss Franc BRLCHF or another symbol? Try our Free Forex Trend Analysis Report.