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.
MarketClub’s Trade Triangles for BRLCAD
The long term trend has been DOWN since Apr 9th, 2018 at 0.377985
The intermediate term trend has been DOWN since Mar 23rd, 2018 at 0.389235
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).