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Forex Trend Analysis Report

Prepared for you on Sunday, January 19, 2020.

Brazilian Real/Canadian Dollar (FOREX:BRLCAD)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_BRLCAD
Open High Low BRLCAD Price Change
0.31182565 0.31422773 0.31163525 0.31400617 +0.00218100
Entry Signal

MarketClub’s Trade Triangles for BRLCAD

long term down The long term trend has been DOWN since Aug 22nd, 2019 at 0.32620500

intermediate term down The intermediate term trend has been DOWN since Jan 6th, 2020 at 0.31915341

short term down The short term trend has been DOWN since Jan 2nd, 2020 at 0.32255992

Smart Scan Analysis for BRLCAD

Based on a pre-defined weighted trend formula for chart analysis, BRLCAD scored -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
0.31182565 0.31422773 0.31163525 0.31400617 +0.00218100
Prev. Close Volume Bid Ask Time
0.31182565 0.31373406 0.31427828 2020-01-17 16:52:50
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