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Forex Trend Analysis Report

Prepared for you on Friday, May 24, 2019.

Brazilian Real/Peruvian Nuevo Sol (FOREX:BRLPEN)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 BRLPEN Price Change
0.82864 0.82900 0.82839 0.82890 +0.00026
Entry Signal

MarketClub’s Trade Triangles for BRLPEN

long term down The long term trend has been DOWN since Mar 7th, 2019 at 0.85177

intermediate term down The intermediate term trend has been DOWN since Feb 21st, 2019 at 0.88053

short term up The short term trend has been UP since May 21st, 2019 at 0.82030

Smart Scan Analysis for BRLPEN

Based on a pre-defined weighted trend formula for chart analysis, BRLPEN scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for BRLPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.82864 0.82900 0.82839 0.82890 +0.00026
Prev. Close Volume Bid Ask Time
0.82864 0.82860 0.82920 2019-05-24 08:49:19
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