Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
US Dollar/Brazilian Real (FOREX:USDBRL)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. 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.
MarketClub’s Trade Triangles for USDBRL
The long term trend has been UP since Aug 23rd, 2019 at 4.12065
The intermediate term trend has been UP since Jan 13th, 2020 at 4.10470
The short term trend has been UP since Jan 9th, 2020 at 4.09220
Smart Scan Analysis for USDBRL
Based on a pre-defined weighted trend formula for chart analysis, USDBRL scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).