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Forex Trend Analysis Report

Prepared for you on Wednesday, June 20, 2018.

Canadian Dollar/Brazilian Real (FOREX:CADBRL)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_CADBRL
Open High Low CADBRL Price Change
2.8368 2.8450 2.8035 2.8221 -0.0147
Entry Signal

MarketClub’s Trade Triangles for CADBRL

long term up The long term trend has been UP since Apr 9th, 2018 at 2.64565

intermediate term down The intermediate term trend has been DOWN since Jun 19th, 2018 at 2.80660

short term down The short term trend has been DOWN since Jun 15th, 2018 at 2.82790

Smart Scan Analysis for CADBRL

Based on a pre-defined weighted trend formula for chart analysis, CADBRL scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for CADBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.8368 2.8450 2.8035 2.8221 -0.0147
Prev. Close Volume Bid Ask Time
2.8368 2.8195 2.8247 2018-06-19 23:45:21
Want to analyze Canadian Dollar/Brazilian Real CADBRL or another symbol? Try our Free Forex Trend Analysis Report.