Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Brazilian Real/ (FOREX:BRLVEF)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 BRLVEF
The long term trend has been UP since Nov 9th, 2017 at 3.3804
The intermediate term trend has been UP since Jan 2nd, 2019 at 64737.2920
The short term trend has been DOWN since Jan 15th, 2019 at 66939.6090
Smart Scan Analysis for BRLVEF
Based on a pre-defined weighted trend formula for chart analysis, BRLVEF scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).