Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Saturday, October 19, 2019.
Mexican Peso/Brazilian Real (FOREX:MXNBRL)
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.
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MarketClub’s Trade Triangles for MXNBRL
The long term trend has been UP since Sep 4th, 2019 at 0.209170
The intermediate term trend has been UP since Oct 15th, 2019 at 0.215180
The short term trend has been UP since Oct 8th, 2019 at 0.209585
Smart Scan Analysis for MXNBRL
Based on a pre-defined weighted trend formula for chart analysis, MXNBRL scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.21606556 | 0.21809601 | 0.21563302 | 0.21682200 | +0.00075600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.21606556 | 0.21663471 | 0.21700929 | 2019-10-17 22:55:42 |