Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
Brazilian Real/Russian Ruble (FOREX:BRLRUB)
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 BRLRUB
The long term trend has been DOWN since May 14th, 2018 at 17.1520
The intermediate term trend has been UP since Jul 20th, 2018 at 16.7425
The short term trend has been DOWN since Aug 14th, 2018 at 17.3395
Smart Scan Analysis for BRLRUB
Based on a pre-defined weighted trend formula for chart analysis, BRLRUB scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).