Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
Brazilian Real/Peruvian Nuevo Sol (FOREX:BRLPEN)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 BRLPEN
The long term trend has been UP since Oct 8th, 2018 at 0.887960
The intermediate term trend has been UP since Jan 2nd, 2019 at 0.878815
The short term trend has been UP since Feb 15th, 2019 at 0.899400
Smart Scan Analysis for BRLPEN
Based on a pre-defined weighted trend formula for chart analysis, BRLPEN scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).