Forex Trend Analysis Report
Prepared for you on Tuesday, March 20, 2018.
Brazilian Real/South Korean Won (FOREX:BRLKRW)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 BRLKRW
The long term trend has been DOWN since Oct 26th, 2017 at 345.250
The intermediate term trend has been DOWN since Feb 9th, 2018 at 328.850
The short term trend has been DOWN since Mar 6th, 2018 at 330.915
Smart Scan Analysis for BRLKRW
Based on a pre-defined weighted trend formula for chart analysis, BRLKRW scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).