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Forex Trend Analysis Report

Prepared for you on Wednesday, October 24, 2018.

Canadian Dollar/Brazilian Real (FOREX:CADBRL)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
2.8244 2.8244 2.8244 2.8244 0.0000
Entry Signal

MarketClub’s Trade Triangles for CADBRL

long term down The long term trend has been DOWN since Oct 17th, 2018 at 2.82380

intermediate term down The intermediate term trend has been DOWN since Sep 27th, 2018 at 3.07320

short term down The short term trend has been DOWN since Oct 2nd, 2018 at 3.07975

Smart Scan Analysis for CADBRL

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

-100
Smart Scan Analysis for CADBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.8244 2.8244 2.8244 2.8244 0.0000
Prev. Close Volume Bid Ask Time
2.8244 2.8217 2.8271 2018-10-24 00:12:48
Want to analyze Canadian Dollar/Brazilian Real CADBRL or another symbol? Try our Free Forex Trend Analysis Report.