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.
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 DOWN since Jun 19th, 2018 at 2.80660
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).