Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Brazilian Real/Swiss Franc (FOREX:BRLCHF)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 BRLCHF
The long term trend has been DOWN since Aug 5th, 2019 at 0.244800
The intermediate term trend has been DOWN since Jan 6th, 2020 at 0.238900
The short term trend has been UP since Jan 23rd, 2020 at 0.232826
Smart Scan Analysis for BRLCHF
Based on a pre-defined weighted trend formula for chart analysis, BRLCHF scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).