Forex Trend Analysis Report
Prepared for you on Thursday, May 23, 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 Mar 18th, 2019 at 16.896
The intermediate term trend has been DOWN since Jan 21st, 2019 at 17.593
The short term trend has been UP since May 22nd, 2019 at 15.997
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).