Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Saturday, August 17, 2019.
US Dollar/Brazilian Real (FOREX:USDBRL)
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.
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MarketClub’s Trade Triangles for USDBRL
The long term trend has been DOWN since Jul 4th, 2019 at 3.80905
The intermediate term trend has been UP since Aug 1st, 2019 at 3.82270
The short term trend has been UP since Aug 1st, 2019 at 3.81910
Smart Scan Analysis for USDBRL
Based on a pre-defined weighted trend formula for chart analysis, USDBRL scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.9919 | 4.0072 | 3.9779 | 4.0061 | +0.0142 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.0061 | 4.0046 | 4.0076 | 2019-08-16 19:56:22 |