Forex Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
Brazilian Real/South Korean Won (FOREX:BRLKRW)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Aug 13th, 2018 at 292.11
The short term trend has been UP since Sep 17th, 2018 at 271.23
Smart Scan Analysis for BRLKRW
Based on a pre-defined weighted trend formula for chart analysis, BRLKRW scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).