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Forex Trend Analysis Report

Prepared for you on Thursday, October 17, 2019.

Brazilian Real/US Dollar (FOREX:BRLUSD)

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.

FOREX_BRLUSD
Open High Low BRLUSD Price Change
0.24095228 0.24234203 0.23921159 0.24021719 -0.00073500
Entry Signal

MarketClub’s Trade Triangles for BRLUSD

long term down The long term trend has been DOWN since Aug 23rd, 2019 at 0.242680

intermediate term up The intermediate term trend has been UP since Oct 7th, 2019 at 0.246525

short term down The short term trend has been DOWN since Oct 8th, 2019 at 0.244150

Smart Scan Analysis for BRLUSD

Based on a pre-defined weighted trend formula for chart analysis, BRLUSD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for BRLUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.24095228 0.24234203 0.23921159 0.24021719 -0.00073500
Prev. Close Volume Bid Ask Time
0.24095228 0.24013063 0.24030374 2019-10-17 18:34:09
Want to analyze Brazilian Real/US Dollar BRLUSD or another symbol? Try our Free Forex Trend Analysis Report.