Forex Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
Brazilian Real/Russian Ruble (FOREX:BRLRUB)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 UP since Oct 8th, 2018 at 17.767
The intermediate term trend has been DOWN since Jan 21st, 2019 at 17.593
The short term trend has been UP since Feb 14th, 2019 at 17.771
Smart Scan Analysis for BRLRUB
Based on a pre-defined weighted trend formula for chart analysis, BRLRUB scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).