Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, March 20, 2023.

Brazilian Real/Canadian Dollar (FOREX:BRLCAD)

Crossroads (-60) - BRLCAD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
0.26023267 0.26133176 0.25932013 0.26113925 +0.00090700
Entry Signal

MarketClub’s Trade Triangles for BRLCAD

long term up The long-term trend has been UP since Mar 8th, 2023 at 0.26868775

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2023 at 0.25957283

short term down The short-term trend has been DOWN since Mar 13th, 2023 at 0.26480718

Smart Scan Analysis for BRLCAD

Based on our trend formula, BRLCAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for BRLCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.26023267 0.26133176 0.25932013 0.26113925 +0.00090700
Prev. Close Volume Bid Ask Time
0.26023267 2023-03-20 21:08:03
Get a free daily analysis and signals for Brazilian Real/Canadian Dollar (BRLCAD) - Request Your Free Report.