Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
Brazilian Real/Mexican Peso (FOREX:BRLMXN)
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 BRLMXN
The long term trend has been UP since Oct 19th, 2018 at 5.1911
The intermediate term trend has been UP since Oct 2nd, 2018 at 4.7686
The short term trend has been UP since Oct 16th, 2018 at 5.0618
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).