Forex Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
Japanese Yen/Brazilian Real (FOREX:JPYBRL)
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 JPYBRL
The long term trend has been DOWN since Oct 8th, 2018 at 0.033126
The intermediate term trend has been DOWN since Sep 20th, 2018 at 0.036428
The short term trend has been UP since Oct 15th, 2018 at 0.033840
Smart Scan Analysis for JPYBRL
Based on a pre-defined weighted trend formula for chart analysis, JPYBRL scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).