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Forex Trend Analysis Report

Prepared for you on Saturday, November 16, 2019.

Peruvian Nuevo Sol/Brazilian Real (FOREX:PENBRL)

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_PENBRL
Open High Low PENBRL Price Change
1.2408765 1.2408765 1.2384418 1.2384418 -0.0024350
Entry Signal

MarketClub’s Trade Triangles for PENBRL

long term up The long term trend has been UP since Sep 19th, 2019 at 1.2369500

intermediate term up The intermediate term trend has been UP since Nov 8th, 2019 at 1.2456037

short term up The short term trend has been UP since Nov 5th, 2019 at 1.2027295

Smart Scan Analysis for PENBRL

Based on a pre-defined weighted trend formula for chart analysis, PENBRL scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+90
Smart Scan Analysis for PENBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2408765 1.2408765 1.2384418 1.2384418 -0.0024350
Prev. Close Volume Bid Ask Time
1.2408765 1.2317530 1.2451306 2019-11-16 08:30:00
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