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Forex Trend Analysis Report

Prepared for you on Saturday, November 16, 2019.

Brazilian Real/ (FOREX:BRLRSD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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_BRLRSD
Open High Low BRLRSD Price Change
25.395491 25.434759 25.302386 25.345360 -0.050131
Entry Signal

MarketClub’s Trade Triangles for BRLRSD

long term down The long term trend has been DOWN since Aug 26th, 2019 at 25.622000

intermediate term down The intermediate term trend has been DOWN since Nov 14th, 2019 at 25.418774

short term down The short term trend has been DOWN since Nov 6th, 2019 at 26.246031

Smart Scan Analysis for BRLRSD

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

-100
Smart Scan Analysis for BRLRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
25.395491 25.434759 25.302386 25.345360 -0.050131
Prev. Close Volume Bid Ask Time
25.395491 25.318387 25.372332 2019-11-15 12:25:39
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