Forex Trend Analysis Report
Prepared for you on Saturday, October 21, 2017.
Swiss Franc/Brazilian Real (FOREX:CHFBRL)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 CHFBRL
The long term trend has been DOWN since Oct 5th, 2017 at 3.19845
The intermediate term trend has been DOWN since Oct 4th, 2017 at 3.20795
The short term trend has been UP since Oct 19th, 2017 at 3.25210
Smart Scan Analysis for CHFBRL
Based on a pre-defined weighted trend formula for chart analysis, CHFBRL scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).