Forex Trend Analysis Report
Prepared for you on Friday, August 17, 2018.
Brazilian Real/CFA Franc BCEAO (FOREX:BRLXOF)
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 BRLXOF
The long term trend has been DOWN since Apr 19th, 2017 at 194.93
The intermediate term trend has been UP since Jul 22nd, 2018 at 146.56
The short term trend has been DOWN since Aug 8th, 2018 at 150.05
Smart Scan Analysis for BRLXOF
Based on a pre-defined weighted trend formula for chart analysis, BRLXOF scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).