Forex Trend Analysis Report
Prepared for you on Thursday, March 22, 2018.
Brazilian Real/ (FOREX:BRLVEF)
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 BRLVEF
The long term trend has been UP since Nov 9th, 2017 at 3.3804
The intermediate term trend has been UP since Feb 9th, 2018 at 3.3291
The short term trend has been UP since Mar 20th, 2018 at 11199.0490
Smart Scan Analysis for BRLVEF
Based on a pre-defined weighted trend formula for chart analysis, BRLVEF scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).