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Forex Trend Analysis Report

Prepared for you on Sunday, April 22, 2018.

Brazilian Real/Canadian Dollar (FOREX:BRLCAD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

FOREX_BRLCAD
Open High Low BRLCAD Price Change
0.37405 0.37405 0.37405 0.37405 0.00000
Entry Signal

MarketClub’s Trade Triangles for BRLCAD

long term down The long term trend has been DOWN since Apr 9th, 2018 at 0.377985

intermediate term down The intermediate term trend has been DOWN since Mar 23rd, 2018 at 0.389235

short term up The short term trend has been UP since Apr 18th, 2018 at 0.370230

Smart Scan Analysis for BRLCAD

Based on a pre-defined weighted trend formula for chart analysis, BRLCAD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for BRLCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.37405 0.37405 0.37405 0.37405 0.00000
Prev. Close Volume Bid Ask Time
0.37405 0.37369 0.37441 2018-04-21 05:28:20
Want to analyze Brazilian Real/Canadian Dollar BRLCAD or another symbol? Try our Free Forex Trend Analysis Report.