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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Brazilian Real/Canadian Dollar (FOREX:BRLCAD)

Strong Downtrend (-100) - BRLCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid BRLCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for BRLCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BRLCAD
Open High Low BRLCAD Price Change
0.21826798 0.21829313 0.21820165 0.21825712 -0.00001100
Entry Signal

MarketClub’s Trade Triangles for BRLCAD

long term down The long-term trend has been DOWN since Oct 4th, 2021 at 0.23136896

intermediate term down The intermediate-term trend has been DOWN since Sep 24th, 2021 at 0.23732643

short term down The short-term trend has been DOWN since Oct 18th, 2021 at 0.22374480

Smart Scan Analysis for BRLCAD

Based on our trend formula, BRLCAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for BRLCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21826798 0.21829313 0.21820165 0.21825712 -0.00001100
Prev. Close Volume Bid Ask Time
0.21826798 2021-10-22 01:54:23
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