Forex Trend Analysis Report
Prepared for you on Monday, February 19, 2018.
Brazilian Real/Russian Ruble (FOREX:BRLRUB)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 Oct 23rd, 2017 at 17.8030
The intermediate term trend has been UP since Jan 19th, 2018 at 17.7115
The short term trend has been DOWN since Feb 15th, 2018 at 17.4600
Smart Scan Analysis for BRLRUB
Based on a pre-defined weighted trend formula for chart analysis, BRLRUB scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).