Forex Trend Analysis Report
Prepared for you on Tuesday, July 16, 2019.
Australian Dollar/Brazilian Real (FOREX:AUDBRL)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 AUDBRL
The long term trend has been DOWN since Jun 13th, 2019 at 2.65255
The intermediate term trend has been DOWN since May 30th, 2019 at 2.73710
The short term trend has been UP since Jul 15th, 2019 at 2.63235
Smart Scan Analysis for AUDBRL
Based on a pre-defined weighted trend formula for chart analysis, AUDBRL scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).