Forex Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
Brazilian Real/Indonesian Rupiah (FOREX:BRLIDR)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 BRLIDR
The long term trend has been DOWN since Aug 19th, 2019 at 3502.65
The intermediate term trend has been DOWN since Aug 1st, 2019 at 3676.25
The short term trend has been DOWN since Sep 19th, 2019 at 3416.75
Smart Scan Analysis for BRLIDR
Based on a pre-defined weighted trend formula for chart analysis, BRLIDR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).