Forex Trend Analysis Report
Prepared for you on Thursday, January 18, 2018.
Japanese Yen/Brazilian Real (FOREX:JPYBRL)
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 JPYBRL
The long term trend has been UP since Dec 13th, 2017 at 0.029500
The intermediate term trend has been DOWN since Jan 3rd, 2018 at 0.028900
The short term trend has been DOWN since Jan 18th, 2018 at 0.028865
Smart Scan Analysis for JPYBRL
Based on a pre-defined weighted trend formula for chart analysis, JPYBRL scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).