Forex Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
US Dollar/Brazilian Real (FOREX:USDBRL)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 USDBRL
The long term trend has been UP since Nov 3rd, 2017 at 3.2997
The intermediate term trend has been UP since Feb 6th, 2018 at 3.2435
The short term trend has been DOWN since May 22nd, 2018 at 3.6610
Smart Scan Analysis for USDBRL
Based on a pre-defined weighted trend formula for chart analysis, USDBRL scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).