Forex Trend Analysis Report
Prepared for you on Wednesday, June 20, 2018.
Brazilian Real/Swiss Franc (FOREX:BRLCHF)
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 BRLCHF
The long term trend has been DOWN since Nov 15th, 2017 at 0.29770
The intermediate term trend has been DOWN since Mar 22nd, 2018 at 0.28640
The short term trend has been UP since Jun 20th, 2018 at 0.26785
Smart Scan Analysis for BRLCHF
Based on a pre-defined weighted trend formula for chart analysis, BRLCHF scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).