Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
Brazilian Real/Euro (FOREX:BRLEUR)
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 BRLEUR
The long term trend has been DOWN since Apr 25th, 2017 at 0.2887
The intermediate term trend has been DOWN since Mar 13th, 2018 at 0.2479
The short term trend has been DOWN since Mar 21st, 2018 at 0.2460
Smart Scan Analysis for BRLEUR
Based on a pre-defined weighted trend formula for chart analysis, BRLEUR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).