Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
Brazilian Real/Chilean Peso (FOREX:BRLCLP)
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 BRLCLP
The long term trend has been UP since Jun 3rd, 2019 at 181.1614
The intermediate term trend has been UP since Jul 8th, 2019 at 180.8742
The short term trend has been DOWN since Jul 12th, 2019 at 180.0720
Smart Scan Analysis for BRLCLP
Based on a pre-defined weighted trend formula for chart analysis, BRLCLP scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).