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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2019.

Brazilian Real/Colombian Peso (FOREX:BRLCOP)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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
844.99 850.83 842.61 843.55 -1.44
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 up The intermediate term trend has been UP since Apr 29th, 2019 at 824.58

short term up The short term trend has been UP since Jun 18th, 2019 at 849.31

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
844.99 850.83 842.61 843.55 -1.44
Prev. Close Volume Bid Ask Time
844.99 843.35 843.75 2019-06-18 16:14:18
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