Forex Trend Analysis Report
Prepared for you on Wednesday, October 18, 2017.
Euro/Brazilian Real (FOREX:EURBRL)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 DOWN since Oct 3rd, 2017 at 3.6951
The short term trend has been DOWN since Oct 13th, 2017 at 3.7364
Smart Scan Analysis for EURBRL
Based on a pre-defined weighted trend formula for chart analysis, EURBRL scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).