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Forex Trend Analysis Report

Prepared for you on Friday, August 23, 2019.

Brazilian Real/Euro (FOREX:BRLEUR)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_BRLEUR
Open High Low BRLEUR Price Change
0.22200 0.22231 0.22050 0.22224 +0.00024
Entry Signal

MarketClub’s Trade Triangles for BRLEUR

long term up The long term trend has been UP since Jul 4th, 2019 at 0.2326

intermediate term down The intermediate term trend has been DOWN since Aug 2nd, 2019 at 0.2329

short term down The short term trend has been DOWN since Aug 22nd, 2019 at 0.2213

Smart Scan Analysis for BRLEUR

Based on a pre-defined weighted trend formula for chart analysis, BRLEUR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for BRLEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22200 0.22231 0.22050 0.22224 +0.00024
Prev. Close Volume Bid Ask Time
0.22200 0.22204 0.22244 2019-08-23 12:35:11
Want to analyze Brazilian Real/Euro BRLEUR or another symbol? Try our Free Forex Trend Analysis Report.