Forex Trend Analysis Report
Prepared for you on Thursday, June 21, 2018.
Brazilian Real/Australian Dollar (FOREX:BRLAUD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 BRLAUD
The long term trend has been DOWN since Dec 14th, 2017 at 0.3925
The intermediate term trend has been DOWN since Mar 12th, 2018 at 0.3889
The short term trend has been UP since Jun 15th, 2018 at 0.3598
Smart Scan Analysis for BRLAUD
Based on a pre-defined weighted trend formula for chart analysis, BRLAUD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).