Forex Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
Brazilian Real/Chilean Peso (FOREX:BRLCLP)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 UP since Oct 8th, 2018 at 177.120
The intermediate term trend has been DOWN since Nov 7th, 2018 at 179.395
The short term trend has been UP since Dec 11th, 2018 at 174.605
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).