Forex Trend Analysis Report
Prepared for you on Friday, February 23, 2018.
US Dollar/Brazilian Real (FOREX:USDBRL)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 USDBRL
The long term trend has been UP since Nov 3rd, 2017 at 3.29970
The intermediate term trend has been UP since Feb 6th, 2018 at 3.24350
The short term trend has been DOWN since Feb 23rd, 2018 at 3.23445
Smart Scan Analysis for USDBRL
Based on a pre-defined weighted trend formula for chart analysis, USDBRL scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).