Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 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 DOWN since Oct 17th, 2018 at 3.68710
The intermediate term trend has been UP since Nov 13th, 2018 at 3.78320
The short term trend has been DOWN since Dec 12th, 2018 at 3.89475
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).