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Forex Trend Analysis Report

Prepared for you on Monday, July 22, 2024.

Brazilian Real/Canadian Dollar (FOREX:BRLCAD)

Long-Term Downtrend (-90) - BRLCAD is in a strong downtrend that is likely to continue. While BRLCAD is showing intraday strength, it remains in the confines of a bearish trend. 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
0.24765123 0.24765123 0.24755098 0.24755098 -0.00010000
Entry Signal

MarketClub’s Trade Triangles for BRLCAD

long term down The long-term trend has been DOWN since Feb 8th, 2024 at 0.26956556

intermediate term down The intermediate-term trend has been DOWN since May 27th, 2024 at 0.26376416

short term down The short-term trend has been DOWN since Jul 18th, 2024 at 0.24931764

Smart Scan Analysis for BRLCAD

Based on our trend formula, BRLCAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BRLCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.24765123 0.24765123 0.24755098 0.24755098 -0.00010000
Prev. Close Volume Bid Ask Time
0.24765123 2024-07-21 21:00:39
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