Forex Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
Swiss Franc/Brazilian Real (FOREX:CHFBRL)
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 CHFBRL
The long term trend has been UP since Mar 27th, 2019 at 3.98635
The intermediate term trend has been DOWN since Jun 3rd, 2019 at 3.89550
The short term trend has been DOWN since Jun 11th, 2019 at 3.90015
Smart Scan Analysis for CHFBRL
Based on a pre-defined weighted trend formula for chart analysis, CHFBRL scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).