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Forex Trend Analysis Report

Prepared for you on Saturday, December 7, 2019.

Brazilian Real/Venezuelan Sovereign Bolivar (FOREX:BRLVES)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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_BRLVES
Open High Low BRLVES Price Change
9943.266 10099.606 9932.352 10099.606 +156.340
Entry Signal

MarketClub’s Trade Triangles for BRLVES

long term up The long term trend has been UP since Oct 3rd, 2018 at 15.8690

intermediate term up The intermediate term trend has been UP since Oct 25th, 2019 at 5059.4244

short term up The short term trend has been UP since Dec 5th, 2019 at 9237.7800

Smart Scan Analysis for BRLVES

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

+100
Smart Scan Analysis for BRLVES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9943.266 10099.606 9932.352 10099.606 +156.340
Prev. Close Volume Bid Ask Time
9943.266 10095.949 10103.262 2019-12-06 16:53:17
Want to analyze Brazilian Real/Venezuelan Sovereign Bolivar BRLVES or another symbol? Try our Free Forex Trend Analysis Report.