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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 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 negative trend to resume. Downtrend 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.

Open High Low BRLMXN Price Change
4.71090 4.75200 4.70125 4.73380 +0.02290
Entry Signal

MarketClub’s Trade Triangles for BRLMXN

long term down The long term trend has been DOWN since Mar 15th, 2019 at 5.0063

intermediate term down The intermediate term trend has been DOWN since Feb 24th, 2019 at 5.0991

short term up The short term trend has been UP since May 22nd, 2019 at 4.7122

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).

Smart Scan Analysis for BRLMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.71090 4.75200 4.70125 4.73380 +0.02290
Prev. Close Volume Bid Ask Time
4.71090 4.73180 4.73580 2019-05-24 18:22:58
Want to analyze Brazilian Real/Mexican Peso BRLMXN or another symbol? Try our Free Forex Trend Analysis Report.