Forex Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
Brazilian Real/ (FOREX:BRLVEF)
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 BRLVEF
The long term trend has been UP since Nov 9th, 2017 at 3.3804
The intermediate term trend has been UP since Jan 11th, 2018 at 3.1676
The short term trend has been DOWN since Jan 16th, 2018 at 3.0968
Smart Scan Analysis for BRLVEF
Based on a pre-defined weighted trend formula for chart analysis, BRLVEF scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).