Forex Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
South Korean Won/Brazilian Real (FOREX:KRWBRL)
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 KRWBRL
The long term trend has been UP since Feb 1st, 2015 at 0.002430
The intermediate term trend has been DOWN since Jan 10th, 2018 at 0.003015
The short term trend has been DOWN since Jan 18th, 2018 at 0.003000
Smart Scan Analysis for KRWBRL
Based on a pre-defined weighted trend formula for chart analysis, KRWBRL scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).