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Forex Trend Analysis Report

Prepared for you on Tuesday, July 16, 2019.

Brazilian Real/Mexican Peso (FOREX:BRLMXN)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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_BRLMXN
Open High Low BRLMXN Price Change
5.0544 5.0808 5.0475 5.0755 +0.0211
Entry Signal

MarketClub’s Trade Triangles for BRLMXN

long term up The long term trend has been UP since Jul 10th, 2019 at 5.1148

intermediate term up The intermediate term trend has been UP since May 30th, 2019 at 4.8858

short term down The short term trend has been DOWN since Jul 15th, 2019 at 5.0609

Smart Scan Analysis for BRLMXN

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

+85
Smart Scan Analysis for BRLMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.0544 5.0808 5.0475 5.0755 +0.0211
Prev. Close Volume Bid Ask Time
5.0544 5.0735 5.0775 2019-07-16 14:51:04
Want to analyze Brazilian Real/Mexican Peso BRLMXN or another symbol? Try our Free Forex Trend Analysis Report.