Forex Trend Analysis Report
Prepared for you on Thursday, November 15, 2018.
Brazilian Real/Euro (FOREX:BRLEUR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 0.234750
The intermediate term trend has been UP since Sep 27th, 2018 at 0.213700
The short term trend has been DOWN since Nov 13th, 2018 at 0.233595
Smart Scan Analysis for BRLEUR
Based on a pre-defined weighted trend formula for chart analysis, BRLEUR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).