Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
US Dollar/Brazilian Real (FOREX:USDBRL)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 3.6871
The intermediate term trend has been DOWN since Sep 21st, 2018 at 4.0382
The short term trend has been DOWN since Oct 2nd, 2018 at 3.9898
Smart Scan Analysis for USDBRL
Based on a pre-defined weighted trend formula for chart analysis, USDBRL scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).