Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2017.
Brazilian Real/Canadian Dollar (FOREX:BRLCAD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 DOWN since Aug 22nd, 2017 at 0.395025
The short term trend has been UP since Sep 15th, 2017 at 0.391110
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).