Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
South Korean Won/Brazilian Real (FOREX:KRWBRL)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 KRWBRL
The long term trend has been DOWN since Oct 8th, 2018 at 0.003280
The intermediate term trend has been UP since Feb 25th, 2019 at 0.003365
The short term trend has been UP since Mar 15th, 2019 at 0.003405
Smart Scan Analysis for KRWBRL
Based on a pre-defined weighted trend formula for chart analysis, KRWBRL scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).