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Forex Trend Analysis Report

Prepared for you on Monday, January 20, 2020.

British Pound/Brazilian Real (FOREX:GBPBRL)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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_GBPBRL
Open High Low GBPBRL Price Change
5.4092564 5.4112570 5.4054070 5.4084584 -0.0007980
Entry Signal

MarketClub’s Trade Triangles for GBPBRL

long term up The long term trend has been UP since Sep 19th, 2019 at 5.1519500

intermediate term up The intermediate term trend has been UP since Jan 13th, 2020 at 5.3681171

short term down The short term trend has been DOWN since Jan 20th, 2020 at 5.4083304

Smart Scan Analysis for GBPBRL

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

+75
Smart Scan Analysis for GBPBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.4092564 5.4112570 5.4054070 5.4084584 -0.0007980
Prev. Close Volume Bid Ask Time
5.4092564 5.4065086 5.4104082 2020-01-20 00:40:45
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