Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
Brazilian Real/ (FOREX:BRLRSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 BRLRSD
The long term trend has been UP since Oct 8th, 2018 at 27.6365
The intermediate term trend has been UP since Jan 3rd, 2019 at 27.1225
The short term trend has been DOWN since Feb 20th, 2019 at 27.8635
Smart Scan Analysis for BRLRSD
Based on a pre-defined weighted trend formula for chart analysis, BRLRSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).