Forex Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
Euro/Brazilian Real (FOREX:EURBRL)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. 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 EURBRL
The long term trend has been UP since Aug 23rd, 2019 at 4.6000
The intermediate term trend has been UP since Oct 16th, 2019 at 4.6044
The short term trend has been UP since Oct 10th, 2019 at 4.5159
Smart Scan Analysis for EURBRL
Based on a pre-defined weighted trend formula for chart analysis, EURBRL scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).