Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2017.
Brazilian Real/Peruvian Nuevo Sol (FOREX:BRLPEN)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 BRLPEN
The long term trend has been UP since Sep 6th, 2017 at 1.04220
The intermediate term trend has been UP since Sep 5th, 2017 at 1.03655
The short term trend has been DOWN since Sep 21st, 2017 at 1.03315
Smart Scan Analysis for BRLPEN
Based on a pre-defined weighted trend formula for chart analysis, BRLPEN scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).