Forex Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
Brazilian Real/Euro (FOREX:BRLEUR)
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 BRLEUR
The long term trend has been UP since Oct 9th, 2018 at 0.23475
The intermediate term trend has been UP since Jan 2nd, 2019 at 0.22935
The short term trend has been DOWN since Jan 17th, 2019 at 0.23379
Smart Scan Analysis for BRLEUR
Based on a pre-defined weighted trend formula for chart analysis, BRLEUR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).