Forex Trend Analysis Report
Prepared for you on Friday, July 20, 2018.
Japanese Yen/Brazilian Real (FOREX:JPYBRL)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 Jul 17th, 2018 at 0.034097
The short term trend has been DOWN since Jul 20th, 2018 at 0.033879
Smart Scan Analysis for JPYBRL
Based on a pre-defined weighted trend formula for chart analysis, JPYBRL scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).