Forex Trend Analysis Report
Prepared for you on Saturday, April 21, 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 positive trend to resume. Uptrend 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 UP since Dec 13th, 2017 at 0.029500
The intermediate term trend has been UP since Jan 24th, 2018 at 0.029505
The short term trend has been DOWN since Apr 18th, 2018 at 0.031545
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).