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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.

FOREX_MXNBRL
Open High Low MXNBRL Price Change
0.21606556 0.21809601 0.21563302 0.21682200 +0.00075600
Entry Signal

MarketClub’s Trade Triangles for MXNBRL

long term up The long term trend has been UP since Sep 4th, 2019 at 0.209170

intermediate term up The intermediate term trend has been UP since Oct 15th, 2019 at 0.215180

short term up 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).

+90
Smart Scan Analysis for MXNBRL
Strong Downtrend Sideways 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
Want to analyze Mexican Peso/Brazilian Real MXNBRL or another symbol? Try our Free Forex Trend Analysis Report.