Future Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
BRAZILIAN REAL Sep 2019 (CME:6L.U19)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 6L.U19
The long term trend has been DOWN since Aug 15th, 2019 at 0.24695
The intermediate term trend has been DOWN since Aug 2nd, 2019 at 0.25930
The short term trend has been UP since Aug 22nd, 2019 at 0.24795
Smart Scan Analysis for 6L.U19
Based on a pre-defined weighted trend formula for chart analysis, 6L.U19 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).