Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
Brazilian Real/Argentine Peso (FOREX:BRLARS)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 BRLARS
The long term trend has been UP since Dec 27th, 2017 at 5.60210
The intermediate term trend has been UP since Aug 10th, 2018 at 7.42545
The short term trend has been DOWN since Sep 20th, 2018 at 9.47395
Smart Scan Analysis for BRLARS
Based on a pre-defined weighted trend formula for chart analysis, BRLARS scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).