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Forex Trend Analysis Report

Prepared for you on Saturday, November 16, 2019.

Brazilian Real/Indonesian Rupiah (FOREX:BRLIDR)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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_BRLIDR
Open High Low BRLIDR Price Change
3347.4189 3356.4467 3342.6426 3352.5578 +5.1389
Entry Signal

MarketClub’s Trade Triangles for BRLIDR

long term down The long term trend has been DOWN since Aug 19th, 2019 at 3502.6500

intermediate term down The intermediate term trend has been DOWN since Nov 8th, 2019 at 3381.4504

short term down The short term trend has been DOWN since Nov 5th, 2019 at 3488.1879

Smart Scan Analysis for BRLIDR

Based on a pre-defined weighted trend formula for chart analysis, BRLIDR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for BRLIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3347.4189 3356.4467 3342.6426 3352.5578 +5.1389
Prev. Close Volume Bid Ask Time
3347.4189 3350.7426 3354.3729 2019-11-15 16:42:15
Want to analyze Brazilian Real/Indonesian Rupiah BRLIDR or another symbol? Try our Free Forex Trend Analysis Report.