Forex Trend Analysis Report
Prepared for you on Tuesday, November 20, 2018.
Brazilian Real/Colombian Peso (FOREX:BRLCOP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 BRLCOP
The long term trend has been UP since Oct 3rd, 2018 at 788.37
The intermediate term trend has been UP since Oct 2nd, 2018 at 764.85
The short term trend has been UP since Nov 20th, 2018 at 849.93
Smart Scan Analysis for BRLCOP
Based on a pre-defined weighted trend formula for chart analysis, BRLCOP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).