Forex Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
Brazilian Real/US Dollar (FOREX:BRLUSD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 BRLUSD
The long term trend has been DOWN since Nov 3rd, 2017 at 0.303185
The intermediate term trend has been UP since Jan 2nd, 2018 at 0.305330
The short term trend has been UP since Jan 19th, 2018 at 0.312175
Smart Scan Analysis for BRLUSD
Based on a pre-defined weighted trend formula for chart analysis, BRLUSD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).