Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
Brazilian Real/Swiss Franc (FOREX:BRLCHF)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 BRLCHF
The long term trend has been UP since Oct 17th, 2018 at 0.270125
The intermediate term trend has been DOWN since Feb 24th, 2019 at 0.265352
The short term trend has been UP since Mar 18th, 2019 at 0.263500
Smart Scan Analysis for BRLCHF
Based on a pre-defined weighted trend formula for chart analysis, BRLCHF scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).