Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
Brazilian Real/Mexican Peso (FOREX:BRLMXN)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 BRLMXN
The long term trend has been DOWN since Feb 9th, 2018 at 5.6689
The intermediate term trend has been DOWN since Mar 14th, 2018 at 5.6887
The short term trend has been DOWN since Mar 20th, 2018 at 5.6865
Smart Scan Analysis for BRLMXN
Based on a pre-defined weighted trend formula for chart analysis, BRLMXN scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).