Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
Brazilian Real/Indonesian Rupiah (FOREX:BRLIDR)
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 BRLIDR
The long term trend has been UP since Oct 5th, 2018 at 3952.70
The intermediate term trend has been DOWN since Nov 5th, 2018 at 4005.50
The short term trend has been UP since Dec 11th, 2018 at 3758.05
Smart Scan Analysis for BRLIDR
Based on a pre-defined weighted trend formula for chart analysis, BRLIDR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).