Forex Trend Analysis Report
Prepared for you on Thursday, February 22, 2018.
Euro/Brazilian Real (FOREX:EURBRL)
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 EURBRL
The long term trend has been UP since Apr 25th, 2017 at 3.4541
The intermediate term trend has been UP since Feb 2nd, 2018 at 3.9983
The short term trend has been DOWN since Feb 14th, 2018 at 4.0108
Smart Scan Analysis for EURBRL
Based on a pre-defined weighted trend formula for chart analysis, EURBRL scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).