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Forex Trend Analysis Report

Prepared for you on Friday, May 24, 2019.

Mexican Peso/Brazilian Real (FOREX:MXNBRL)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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_MXNBRL
Open High Low MXNBRL Price Change
0.212275 0.212710 0.210465 0.211185 -0.001090
Entry Signal

MarketClub’s Trade Triangles for MXNBRL

long term up The long term trend has been UP since Mar 15th, 2019 at 0.199475

intermediate term up The intermediate term trend has been UP since Jan 22nd, 2019 at 0.198475

short term down The short term trend has been DOWN since May 24th, 2019 at 0.211390

Smart Scan Analysis for MXNBRL

Based on a pre-defined weighted trend formula for chart analysis, MXNBRL scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for MXNBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.212275 0.212710 0.210465 0.211185 -0.001090
Prev. Close Volume Bid Ask Time
0.212275 0.211000 0.211370 2019-05-24 18:16:54
Want to analyze Mexican Peso/Brazilian Real MXNBRL or another symbol? Try our Free Forex Trend Analysis Report.