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Forex Trend Analysis Report

Prepared for you on Sunday, August 25, 2019.

Brazilian Real/Colombian Peso (FOREX:BRLCOP)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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_BRLCOP
Open High Low BRLCOP Price Change
833.245 836.170 825.630 831.750 -1.495
Entry Signal

MarketClub’s Trade Triangles for BRLCOP

long term up The long term trend has been UP since May 31st, 2019 at 850.73

intermediate term down The intermediate term trend has been DOWN since Aug 19th, 2019 at 852.01

short term down The short term trend has been DOWN since Aug 19th, 2019 at 855.30

Smart Scan Analysis for BRLCOP

Based on a pre-defined weighted trend formula for chart analysis, BRLCOP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for BRLCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
833.245 836.170 825.630 831.750 -1.495
Prev. Close Volume Bid Ask Time
815.795 831.550 831.950 2019-08-23 16:18:17
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