Forex Trend Analysis Report
Prepared for you on Sunday, August 20, 2017.
Brazilian Real/British Pound (FOREX:BRLGBP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 BRLGBP
The long term trend has been DOWN since Apr 20th, 2017 at 0.2473
The intermediate term trend has been UP since Aug 16th, 2017 at 0.2466
The short term trend has been UP since Aug 15th, 2017 at 0.2436
Smart Scan Analysis for BRLGBP
Based on a pre-defined weighted trend formula for chart analysis, BRLGBP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).