Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Brazilian Real/Colombian Peso (FOREX:BRLCOP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 Oct 3rd, 2018 at 788.37
The intermediate term trend has been DOWN since Jan 17th, 2019 at 832.19
The short term trend has been DOWN since Feb 20th, 2019 at 835.83
Smart Scan Analysis for BRLCOP
Based on a pre-defined weighted trend formula for chart analysis, BRLCOP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).