Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
Brazilian Real/Russian Ruble (FOREX:BRLRUB)
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 BRLRUB
The long term trend has been DOWN since Sep 13th, 2019 at 15.859500
The intermediate term trend has been DOWN since Nov 8th, 2019 at 15.337571
The short term trend has been UP since Nov 6th, 2019 at 15.940510
Smart Scan Analysis for BRLRUB
Based on a pre-defined weighted trend formula for chart analysis, BRLRUB scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).