Forex Trend Analysis Report
Prepared for you on Tuesday, July 25, 2017.
Brazilian Real/Canadian Dollar (FOREX:BRLCAD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 BRLCAD
The long term trend has been DOWN since May 18th, 2017 at 0.413770
The intermediate term trend has been UP since Jul 20th, 2017 at 0.402175
The short term trend has been DOWN since Jul 24th, 2017 at 0.398630
Smart Scan Analysis for BRLCAD
Based on a pre-defined weighted trend formula for chart analysis, BRLCAD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).