Forex Trend Analysis Report
Prepared for you on Sunday, August 20, 2017.
Australian Dollar/Brazilian Real (FOREX:AUDBRL)
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.
MarketClub’s Trade Triangles for AUDBRL
The long term trend has been UP since May 18th, 2017 at 2.42255
The intermediate term trend has been UP since Aug 11th, 2017 at 2.53015
The short term trend has been UP since Aug 18th, 2017 at 2.51110
Smart Scan Analysis for AUDBRL
Based on a pre-defined weighted trend formula for chart analysis, AUDBRL scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).