Forex Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
Canadian Dollar/Brazilian Real (FOREX:CADBRL)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 CADBRL
The long term trend has been DOWN since Oct 17th, 2018 at 2.82380
The intermediate term trend has been UP since Nov 13th, 2018 at 2.88745
The short term trend has been UP since Dec 14th, 2018 at 2.92680
Smart Scan Analysis for CADBRL
Based on a pre-defined weighted trend formula for chart analysis, CADBRL scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).