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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Canadian Dollar/Brazilian Real (FOREX:CADBRL)
Sidelines Mode (+55) - CADBRL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CADBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CADBRL
The long-term trend has been UP since Feb 8th, 2024 at 3.7096747
The intermediate-term trend has been DOWN since May 7th, 2024 at 3.7001008
The short-term trend has been UP since May 2nd, 2024 at 3.7746021
Smart Scan Analysis for CADBRL
Based on our trend formula, CADBRL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.7071497 | 3.7071497 | 3.7065721 | 3.7065721 | -0.0005780 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.7071497 | 2024-05-09 03:35:58 |