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Forex Trend Analysis Report

Prepared for you on Friday, December 6, 2019.

Brazilian Real/Mexican Peso (FOREX:BRLMXN)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

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
4.6242372 4.6488000 4.6162210 4.6461000 +0.0218630
Entry Signal

MarketClub’s Trade Triangles for BRLMXN

long term down The long term trend has been DOWN since Sep 4th, 2019 at 4.7765000

intermediate term up The intermediate term trend has been UP since Dec 1st, 2019 at 4.6725000

short term down The short term trend has been DOWN since Dec 2nd, 2019 at 4.6042344

Smart Scan Analysis for BRLMXN

Based on a pre-defined weighted trend formula for chart analysis, BRLMXN scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for BRLMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.6242372 4.6488000 4.6162210 4.6461000 +0.0218630
Prev. Close Volume Bid Ask Time
4.6242372 4.6442000 4.6480000 2019-12-06 13:16:49
Want to analyze Brazilian Real/Mexican Peso BRLMXN or another symbol? Try our Free Forex Trend Analysis Report.