Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
Brazilian Real/South Korean Won (FOREX:BRLKRW)
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 BRLKRW
The long term trend has been DOWN since Oct 26th, 2017 at 345.25
The intermediate term trend has been DOWN since Jul 2nd, 2018 at 285.66
The short term trend has been UP since Jul 10th, 2018 at 288.97
Smart Scan Analysis for BRLKRW
Based on a pre-defined weighted trend formula for chart analysis, BRLKRW scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).