Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
Brazilian Real/Colombian Peso (FOREX:BRLCOP)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 BRLCOP
The long term trend has been DOWN since Oct 23rd, 2017 at 914.23
The intermediate term trend has been DOWN since Jul 2nd, 2018 at 750.24
The short term trend has been DOWN since Jul 12th, 2018 at 741.95
Smart Scan Analysis for BRLCOP
Based on a pre-defined weighted trend formula for chart analysis, BRLCOP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).