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Forex Trend Analysis Report
Prepared for you on Tuesday, January 28, 2020.
Brazilian Real/Venezuelan Sovereign Bolivar (FOREX:BRLVES)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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.
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MarketClub’s Trade Triangles for BRLVES
The long term trend has been UP since Oct 3rd, 2018 at 15.8690
The intermediate term trend has been UP since Oct 25th, 2019 at 5059.4244
The short term trend has been UP since Jan 22nd, 2020 at 17680.2150
Smart Scan Analysis for BRLVES
Based on a pre-defined weighted trend formula for chart analysis, BRLVES scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 17667.905 | 17795.158 | 17629.497 | 17795.158 | +127.253 |
| Prev. Close | Volume | Bid | Ask | Time |
| 17667.905 | 17788.795 | 17801.520 | 2020-01-28 17:25:28 |