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.
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 Jan 6th, 2020 at 0.31915341
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).