Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
Brazilian Real/Argentine Peso (FOREX:BRLARS)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. 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 BRLARS
The long term trend has been UP since Dec 27th, 2017 at 5.6021
The intermediate term trend has been UP since Jan 30th, 2019 at 10.2072
The short term trend has been UP since Mar 19th, 2019 at 10.6242
Smart Scan Analysis for BRLARS
Based on a pre-defined weighted trend formula for chart analysis, BRLARS scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).