Forex Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
Brazilian Real/Peruvian Nuevo Sol (FOREX:BRLPEN)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 BRLPEN
The long term trend has been DOWN since Mar 7th, 2019 at 0.85177
The intermediate term trend has been DOWN since Feb 21st, 2019 at 0.88053
The short term trend has been UP since May 21st, 2019 at 0.82030
Smart Scan Analysis for BRLPEN
Based on a pre-defined weighted trend formula for chart analysis, BRLPEN scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).