Forex Trend Analysis Report
Prepared for you on Sunday, May 27, 2018.
Brazilian Real/Russian Ruble (FOREX:BRLRUB)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 DOWN since May 14th, 2018 at 17.1520
The intermediate term trend has been DOWN since May 7th, 2018 at 17.6825
The short term trend has been UP since May 22nd, 2018 at 16.8455
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).