Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
Brazilian Real/Mexican Peso (FOREX:BRLMXN)
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 BRLMXN
The long term trend has been DOWN since Mar 15th, 2019 at 5.0063
The intermediate term trend has been DOWN since Feb 24th, 2019 at 5.0991
The short term trend has been UP since May 22nd, 2019 at 4.7122
Smart Scan Analysis for BRLMXN
Based on a pre-defined weighted trend formula for chart analysis, BRLMXN scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).