Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
South Korean Won/Brazilian Real (FOREX:KRWBRL)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 KRWBRL
The long term trend has been UP since Nov 11th, 2016 at 0.002990
The intermediate term trend has been UP since Aug 13th, 2018 at 0.003423
The short term trend has been DOWN since Sep 17th, 2018 at 0.003687
Smart Scan Analysis for KRWBRL
Based on a pre-defined weighted trend formula for chart analysis, KRWBRL scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).