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Forex Trend Analysis Report

Prepared for you on Saturday, August 17, 2019.

Peruvian Nuevo Sol/Brazilian Real (FOREX:PENBRL)

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_PENBRL
Open High Low PENBRL Price Change
1.16945 1.18240 1.16945 1.18240 +0.01295
Entry Signal

MarketClub’s Trade Triangles for PENBRL

long term down The long term trend has been DOWN since Jul 10th, 2019 at 1.14575

intermediate term up The intermediate term trend has been UP since Aug 1st, 2019 at 1.16125

short term up The short term trend has been UP since Aug 12th, 2019 at 1.18205

Smart Scan Analysis for PENBRL

Based on a pre-defined weighted trend formula for chart analysis, PENBRL scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for PENBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.16945 1.18240 1.16945 1.18240 +0.01295
Prev. Close Volume Bid Ask Time
1.16945 1.18130 1.18350 2019-08-16 18:16:03
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