Forex Trend Analysis Report
Prepared for you on Friday, February 23, 2018.
Brazilian Real/Canadian Dollar (FOREX:BRLCAD)
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 BRLCAD
The long term trend has been DOWN since May 18th, 2017 at 0.413770
The intermediate term trend has been DOWN since Feb 9th, 2018 at 0.382245
The short term trend has been UP since Feb 14th, 2018 at 0.385585
Smart Scan Analysis for BRLCAD
Based on a pre-defined weighted trend formula for chart analysis, BRLCAD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).