Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
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.
MarketClub’s Trade Triangles for BRLCAD
The long-term trend has been DOWN since Aug 22nd, 2019 at 0.32620500
The intermediate-term trend has been DOWN since Aug 4th, 2020 at 0.24980699
The short-term trend has been DOWN since Jul 31st, 2020 at 0.25734435
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).