Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Mexican Peso/Brazilian Real (FOREX:MXNBRL)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 MXNBRL
The long term trend has been DOWN since Oct 19th, 2018 at 0.19305
The intermediate term trend has been DOWN since Jan 7th, 2019 at 0.19074
The short term trend has been UP since Jan 10th, 2019 at 0.19308
Smart Scan Analysis for MXNBRL
Based on a pre-defined weighted trend formula for chart analysis, MXNBRL scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).