Forex Trend Analysis Report
Prepared for you on Monday, October 23, 2017.
South Korean Won/Brazilian Real (FOREX:KRWBRL)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 KRWBRL
The long term trend has been UP since Dec 15th, 2014 at 0.002425
The intermediate term trend has been UP since Oct 10th, 2017 at 0.002805
The short term trend has been UP since Oct 20th, 2017 at 0.002815
Smart Scan Analysis for KRWBRL
Based on a pre-defined weighted trend formula for chart analysis, KRWBRL scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).