Forex Trend Analysis Report
Prepared for you on Tuesday, June 18, 2019.
Brazilian Real/Colombian Peso (FOREX:BRLCOP)
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 BRLCOP
The long term trend has been UP since May 31st, 2019 at 850.73
The intermediate term trend has been UP since Apr 29th, 2019 at 824.58
The short term trend has been UP since Jun 18th, 2019 at 849.31
Smart Scan Analysis for BRLCOP
Based on a pre-defined weighted trend formula for chart analysis, BRLCOP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).