Forex Trend Analysis Report
Prepared for you on Thursday, June 21, 2018.
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 positive trend to resume. Uptrend 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 UP since Nov 15th, 2017 at 3.35910
The intermediate term trend has been UP since Mar 22nd, 2018 at 3.49285
The short term trend has been UP since Jun 21st, 2018 at 3.79745
Smart Scan Analysis for CHFBRL
Based on a pre-defined weighted trend formula for chart analysis, CHFBRL scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).