Forex Trend Analysis Report
Prepared for you on Wednesday, October 24, 2018.
Brazilian Real/Australian Dollar (FOREX:BRLAUD)
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.
MarketClub’s Trade Triangles for BRLAUD
The long term trend has been UP since Oct 5th, 2018 at 0.366875
The intermediate term trend has been UP since Sep 27th, 2018 at 0.347000
The short term trend has been UP since Oct 16th, 2018 at 0.377300
Smart Scan Analysis for BRLAUD
Based on a pre-defined weighted trend formula for chart analysis, BRLAUD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).