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Forex Trend Analysis Report

Prepared for you on Monday, October 21, 2019.

Euro/Brazilian Real (FOREX:EURBRL)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. 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_EURBRL
Open High Low EURBRL Price Change
4.5870 4.6278 4.5870 4.6030 +0.0160
Entry Signal

MarketClub’s Trade Triangles for EURBRL

long term up The long term trend has been UP since Aug 23rd, 2019 at 4.6000

intermediate term up The intermediate term trend has been UP since Oct 16th, 2019 at 4.6044

short term up The short term trend has been UP since Oct 10th, 2019 at 4.5159

Smart Scan Analysis for EURBRL

Based on a pre-defined weighted trend formula for chart analysis, EURBRL scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+90
Smart Scan Analysis for EURBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.5870 4.6278 4.5870 4.6030 +0.0160
Prev. Close Volume Bid Ask Time
4.5870 4.5990 4.6070 2019-10-21 18:41:36
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