Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Brazilian Real/Australian Dollar (FOREX:BRLAUD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 BRLAUD
The long term trend has been DOWN since Sep 19th, 2019 at 0.3531
The intermediate term trend has been DOWN since Jan 13th, 2020 at 0.3518
The short term trend has been DOWN since Jan 10th, 2020 at 0.3552
Smart Scan Analysis for BRLAUD
Based on a pre-defined weighted trend formula for chart analysis, BRLAUD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).