Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Swiss Franc/Brazilian Real (FOREX:CHFBRL)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 CHFBRL
The long term trend has been UP since Aug 5th, 2019 at 4.0829500
The intermediate term trend has been UP since Jan 6th, 2020 at 4.1856280
The short term trend has been DOWN since Jan 23rd, 2020 at 4.2952726
Smart Scan Analysis for CHFBRL
Based on a pre-defined weighted trend formula for chart analysis, CHFBRL scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).