Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
Colombian Peso/Brazilian Real (FOREX:COPBRL)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 COPBRL
The long term trend has been DOWN since Jun 3rd, 2019 at 0.001164
The intermediate term trend has been UP since Aug 20th, 2019 at 0.001185
The short term trend has been UP since Sep 16th, 2019 at 0.001215
Smart Scan Analysis for COPBRL
Based on a pre-defined weighted trend formula for chart analysis, COPBRL scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).