Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
Brazilian Real/Russian Ruble (FOREX:BRLRUB)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 BRLRUB
The long term trend has been UP since Oct 8th, 2018 at 17.7670
The intermediate term trend has been DOWN since Nov 15th, 2018 at 17.4945
The short term trend has been UP since Dec 12th, 2018 at 17.0605
Smart Scan Analysis for BRLRUB
Based on a pre-defined weighted trend formula for chart analysis, BRLRUB scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).