Forex Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
US Dollar/Brazilian Real (FOREX:USDBRL)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 USDBRL
The long term trend has been UP since Aug 23rd, 2019 at 4.1206500
The intermediate term trend has been DOWN since Dec 6th, 2019 at 4.1360692
The short term trend has been DOWN since Dec 4th, 2019 at 4.1862000
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).