Forex Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
Swiss Franc/Brazilian Real (FOREX:CHFBRL)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Aug 13th, 2018 at 3.89245
The short term trend has been UP since Aug 7th, 2018 at 3.77440
Smart Scan Analysis for CHFBRL
Based on a pre-defined weighted trend formula for chart analysis, CHFBRL scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).