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Forex Trend Analysis Report

Prepared for you on Tuesday, February 19, 2019.

Brazilian Real/Mexican Peso (FOREX:BRLMXN)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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_BRLMXN
Open High Low BRLMXN Price Change
5.1661 5.1833 5.1597 5.1675 +0.0014
Entry Signal

MarketClub’s Trade Triangles for BRLMXN

long term up The long term trend has been UP since Oct 19th, 2018 at 5.1911

intermediate term up The intermediate term trend has been UP since Feb 1st, 2019 at 5.2602

short term up The short term trend has been UP since Feb 12th, 2019 at 5.1561

Smart Scan Analysis for BRLMXN

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

+100
Smart Scan Analysis for BRLMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.1661 5.1833 5.1597 5.1675 +0.0014
Prev. Close Volume Bid Ask Time
5.1661 5.1656 5.1694 2019-02-19 06:09:44
Want to analyze Brazilian Real/Mexican Peso BRLMXN or another symbol? Try our Free Forex Trend Analysis Report.