Forex Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
Swiss Franc/Brazilian Real (FOREX:CHFBRL)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 CHFBRL
The long term trend has been UP since Aug 5th, 2019 at 4.08295
The intermediate term trend has been UP since Aug 1st, 2019 at 3.85760
The short term trend has been UP since Jul 31st, 2019 at 3.83225
Smart Scan Analysis for CHFBRL
Based on a pre-defined weighted trend formula for chart analysis, CHFBRL scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).