Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
Brazilian Real/Chilean Peso (FOREX:BRLCLP)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 203.1150
The intermediate term trend has been DOWN since Aug 13th, 2018 at 168.6100
The short term trend has been DOWN since Aug 17th, 2018 at 169.3698
Smart Scan Analysis for BRLCLP
Based on a pre-defined weighted trend formula for chart analysis, BRLCLP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).