Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
Brazilian Real/Peruvian Nuevo Sol (FOREX:BRLPEN)
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 BRLPEN
The long term trend has been UP since Oct 8th, 2018 at 0.887960
The intermediate term trend has been UP since Sep 27th, 2018 at 0.823845
The short term trend has been UP since Sep 26th, 2018 at 0.815700
Smart Scan Analysis for BRLPEN
Based on a pre-defined weighted trend formula for chart analysis, BRLPEN scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).