Forex Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
Brazilian Real/US Dollar (FOREX:BRLUSD)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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 UP since Oct 17th, 2018 at 0.271220
The intermediate term trend has been UP since Sep 21st, 2018 at 0.247590
The short term trend has been UP since Oct 2nd, 2018 at 0.250505
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).