Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
Brazilian Real/British Pound (FOREX:BRLGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 BRLGBP
The long term trend has been DOWN since Apr 20th, 2017 at 0.2473
The intermediate term trend has been DOWN since May 14th, 2018 at 0.2043
The short term trend has been UP since May 21st, 2018 at 0.2024
Smart Scan Analysis for BRLGBP
Based on a pre-defined weighted trend formula for chart analysis, BRLGBP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).