Forex Trend Analysis Report
Prepared for you on Friday, August 17, 2018.
Canadian Dollar/Brazilian Real (FOREX:CADBRL)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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.
MarketClub’s Trade Triangles for CADBRL
The long term trend has been UP since Apr 9th, 2018 at 2.64565
The intermediate term trend has been UP since Aug 10th, 2018 at 2.94820
The short term trend has been UP since Aug 7th, 2018 at 2.88435
Smart Scan Analysis for CADBRL
Based on a pre-defined weighted trend formula for chart analysis, CADBRL scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).