Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 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 DOWN since Aug 26th, 2019 at 25.6220
The intermediate term trend has been UP since Sep 12th, 2019 at 26.5430
The short term trend has been DOWN since Sep 16th, 2019 at 26.0005
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).