Forex Trend Analysis Report
Prepared for you on Sunday, December 16, 2018.
Brazilian Real/ (FOREX:BRLRSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 BRLRSD
The long term trend has been UP since Oct 8th, 2018 at 27.6365
The intermediate term trend has been DOWN since Nov 22nd, 2018 at 27.2730
The short term trend has been UP since Dec 12th, 2018 at 26.8390
Smart Scan Analysis for BRLRSD
Based on a pre-defined weighted trend formula for chart analysis, BRLRSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).