Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
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 Jan 2nd, 2019 at 149.12
The short term trend has been DOWN since Jan 21st, 2019 at 153.77
Smart Scan Analysis for BRLXOF
Based on a pre-defined weighted trend formula for chart analysis, BRLXOF scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).