Forex Trend Analysis Report
Prepared for you on Saturday, March 23, 2019.
Brazilian Real/Euro (FOREX:BRLEUR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 BRLEUR
The long term trend has been UP since Oct 9th, 2018 at 0.23475
The intermediate term trend has been DOWN since Mar 1st, 2019 at 0.23350
The short term trend has been DOWN since Mar 21st, 2019 at 0.23040
Smart Scan Analysis for BRLEUR
Based on a pre-defined weighted trend formula for chart analysis, BRLEUR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).