Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Brazilian Real/Euro (FOREX:BRLEUR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 DOWN since Aug 23rd, 2019 at 0.2172
The intermediate term trend has been DOWN since Jan 13th, 2020 at 0.2189
The short term trend has been UP since Jan 29th, 2020 at 0.2173
Smart Scan Analysis for BRLEUR
Based on a pre-defined weighted trend formula for chart analysis, BRLEUR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).