Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Brazilian Real/CFA Franc BCEAO (FOREX:BRLXOF)
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 BRLXOF
The long term trend has been UP since Oct 9th, 2018 at 152.97
The intermediate term trend has been UP since Sep 27th, 2018 at 139.84
The short term trend has been UP since Sep 23rd, 2018 at 136.21
Smart Scan Analysis for BRLXOF
Based on a pre-defined weighted trend formula for chart analysis, BRLXOF scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).