Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
Brazilian Real/Australian Dollar (FOREX:BRLAUD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 BRLAUD
The long term trend has been UP since Jun 18th, 2019 at 0.3776
The intermediate term trend has been DOWN since Aug 5th, 2019 at 0.3775
The short term trend has been UP since Sep 12th, 2019 at 0.3597
Smart Scan Analysis for BRLAUD
Based on a pre-defined weighted trend formula for chart analysis, BRLAUD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).