Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
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.
MarketClub’s Trade Triangles for BRLCAD
The long-term trend has been DOWN since Feb 22nd, 2021 at 0.22821856
The intermediate-term trend has been DOWN since Dec 28th, 2020 at 0.24563018
The short-term trend has been DOWN since Feb 17th, 2021 at 0.23484321
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).