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Forex Trend Analysis Report

Prepared for you on Monday, October 14, 2019.

Brazilian Real/Mexican Peso (FOREX:BRLMXN)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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
4.7014 4.7107 4.7014 4.7105 +0.0091
Entry Signal

MarketClub’s Trade Triangles for BRLMXN

long term down The long term trend has been DOWN since Sep 4th, 2019 at 4.7765

intermediate term up The intermediate term trend has been UP since Oct 7th, 2019 at 4.8256

short term down The short term trend has been DOWN since Oct 8th, 2019 at 4.7713

Smart Scan Analysis for BRLMXN

Based on a pre-defined weighted trend formula for chart analysis, BRLMXN scored -65 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
4.7014 4.7107 4.7014 4.7105 +0.0091
Prev. Close Volume Bid Ask Time
4.7014 4.7086 4.7124 2019-10-14 08:24:58
Want to analyze Brazilian Real/Mexican Peso BRLMXN or another symbol? Try our Free Forex Trend Analysis Report.