Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
Brazilian Real/Indonesian Rupiah (FOREX:BRLIDR)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since Sep 26th, 2018 at 3697.95
The short term trend has been UP since Sep 26th, 2018 at 3685.55
Smart Scan Analysis for BRLIDR
Based on a pre-defined weighted trend formula for chart analysis, BRLIDR scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).