Forex Trend Analysis Report
Prepared for you on Wednesday, June 20, 2018.
Brazilian Real/Peruvian Nuevo Sol (FOREX:BRLPEN)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 DOWN since Dec 12th, 2017 at 0.974300
The intermediate term trend has been DOWN since Feb 6th, 2018 at 0.991165
The short term trend has been UP since Jun 19th, 2018 at 0.883100
Smart Scan Analysis for BRLPEN
Based on a pre-defined weighted trend formula for chart analysis, BRLPEN scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).