Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
Brazilian Real/US Dollar (FOREX:BRLUSD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 BRLUSD
The long term trend has been DOWN since Nov 3rd, 2017 at 0.303185
The intermediate term trend has been DOWN since Aug 13th, 2018 at 0.258150
The short term trend has been DOWN since Aug 7th, 2018 at 0.266465
Smart Scan Analysis for BRLUSD
Based on a pre-defined weighted trend formula for chart analysis, BRLUSD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).