Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
Brazilian Real/Canadian Dollar (FOREX:BRLCAD)
Sidelines Mode (+55) - BRLCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
MarketClub’s Trade Triangles for BRLCAD
The long-term trend has been UP since Nov 7th, 2023 at 0.28087827
The intermediate-term trend has been DOWN since Nov 27th, 2023 at 0.27736584
The short-term trend has been UP since Dec 7th, 2023 at 0.27777909
Smart Scan Analysis for BRLCAD
Based on our trend formula, BRLCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).