Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2017.
US Dollar/Brazilian Real (FOREX:USDBRL)
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 USDBRL
The long term trend has been DOWN since Sep 6th, 2017 at 3.10650
The intermediate term trend has been DOWN since Sep 5th, 2017 at 3.12625
The short term trend has been UP since Sep 17th, 2017 at 3.14410
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).