Forex Trend Analysis Report
Prepared for you on Thursday, October 17, 2019.
Brazilian Real/US Dollar (FOREX:BRLUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 BRLUSD
The long term trend has been DOWN since Aug 23rd, 2019 at 0.242680
The intermediate term trend has been UP since Oct 7th, 2019 at 0.246525
The short term trend has been DOWN since Oct 8th, 2019 at 0.244150
Smart Scan Analysis for BRLUSD
Based on a pre-defined weighted trend formula for chart analysis, BRLUSD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).