Forex Trend Analysis Report
Prepared for you on Wednesday, November 22, 2017.
Brazilian Real/Chilean Peso (FOREX:BRLCLP)
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 BRLCLP
The long term trend has been DOWN since May 18th, 2017 at 203.115
The intermediate term trend has been DOWN since Oct 13th, 2017 at 196.305
The short term trend has been UP since Nov 20th, 2017 at 192.780
Smart Scan Analysis for BRLCLP
Based on a pre-defined weighted trend formula for chart analysis, BRLCLP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).