Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
Brazilian Real/ (FOREX:BRLRSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 DOWN since Apr 25th, 2017 at 35.7400
The intermediate term trend has been DOWN since Mar 13th, 2018 at 29.2400
The short term trend has been UP since May 22nd, 2018 at 27.2695
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).