Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
Brazilian Real/ (FOREX:BRLRSD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 BRLRSD
The long term trend has been DOWN since Aug 26th, 2019 at 25.622000
The intermediate term trend has been DOWN since Nov 14th, 2019 at 25.418774
The short term trend has been DOWN since Nov 6th, 2019 at 26.246031
Smart Scan Analysis for BRLRSD
Based on a pre-defined weighted trend formula for chart analysis, BRLRSD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).