Index Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
ISE FX Brazilian Real FX Spot (NASDAQ:BRB)
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 BRB
The long term trend has been DOWN since Oct 17th, 2018 at 368.71
The intermediate term trend has been DOWN since Jan 2nd, 2019 at 383.50
The short term trend has been UP since Feb 21st, 2019 at 373.56
Smart Scan Analysis for BRB
Based on a pre-defined weighted trend formula for chart analysis, BRB scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||421.49||52wk High Date||2018-08-30|
|52wk Low||312.62||52wk Low Date||2018-01-25|