Forex Trend Analysis Report
Prepared for you on Friday, January 19, 2018.
Brazilian Real/British Pound (FOREX:BRLGBP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 Jan 3rd, 2018 at 0.2284
The short term trend has been DOWN since Jan 12th, 2018 at 0.2270
Smart Scan Analysis for BRLGBP
Based on a pre-defined weighted trend formula for chart analysis, BRLGBP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).