Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Saturday, November 16, 2019.

Brazilian Real/Russian Ruble (FOREX:BRLRUB)

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.

FOREX_BRLRUB
Open High Low BRLRUB Price Change
15.199412 15.229726 15.199412 15.229726 +0.030314
Entry Signal

MarketClub’s Trade Triangles for BRLRUB

long term down The long term trend has been DOWN since Sep 13th, 2019 at 15.859500

intermediate term down The intermediate term trend has been DOWN since Nov 8th, 2019 at 15.337571

short term up The short term trend has been UP since Nov 6th, 2019 at 15.940510

Smart Scan Analysis for BRLRUB

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

-75
Smart Scan Analysis for BRLRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.199412 15.229726 15.199412 15.229726 +0.030314
Prev. Close Volume Bid Ask Time
15.199412 15.147471 15.311981 2019-11-16 08:30:00
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