Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
Brazilian Real/Australian Dollar (FOREX:BRLAUD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Nov 6th, 2018 at 0.370085
The short term trend has been UP since Dec 5th, 2018 at 0.355730
Smart Scan Analysis for BRLAUD
Based on a pre-defined weighted trend formula for chart analysis, BRLAUD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).