Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
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 Oct 4th, 2021 at 0.23136896
The intermediate-term trend has been DOWN since Sep 24th, 2021 at 0.23732643
The short-term trend has been DOWN since Oct 18th, 2021 at 0.22374480
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).