Forex Trend Analysis Report
Prepared for you on Tuesday, December 18, 2018.
US Dollar/Brazilian Real (FOREX:USDBRL)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.
MarketClub’s Trade Triangles for USDBRL
The long term trend has been DOWN since Oct 17th, 2018 at 3.6871
The intermediate term trend has been UP since Nov 13th, 2018 at 3.7832
The short term trend has been UP since Dec 17th, 2018 at 3.9207
Smart Scan Analysis for USDBRL
Based on a pre-defined weighted trend formula for chart analysis, USDBRL scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).