Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
Australian Dollar/Brazilian Real (FOREX:AUDBRL)
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.
MarketClub’s Trade Triangles for AUDBRL
The long term trend has been UP since Dec 14th, 2017 at 2.54665
The intermediate term trend has been UP since Mar 14th, 2018 at 2.57015
The short term trend has been DOWN since May 22nd, 2018 at 2.77605
Smart Scan Analysis for AUDBRL
Based on a pre-defined weighted trend formula for chart analysis, AUDBRL scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).