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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.

Open High Low CADBRL Price Change
2.90995 2.92745 2.90395 2.91820 +0.00825
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 up The intermediate term trend has been UP since Nov 13th, 2018 at 2.88745

short term up 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).

Smart Scan Analysis for CADBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.90995 2.92745 2.90395 2.91820 +0.00825
Prev. Close Volume Bid Ask Time
2.90995 2.91560 2.92080 2018-12-14 13:59:45
Want to analyze Canadian Dollar/Brazilian Real CADBRL or another symbol? Try our Free Forex Trend Analysis Report.