Forex Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
Brazilian Real/Colombian Peso (FOREX:BRLCOP)
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 BRLCOP
The long term trend has been DOWN since Sep 3rd, 2019 at 822.50
The intermediate term trend has been DOWN since Nov 5th, 2019 at 826.96
The short term trend has been UP since Nov 13th, 2019 at 820.27
Smart Scan Analysis for BRLCOP
Based on a pre-defined weighted trend formula for chart analysis, BRLCOP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).