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Forex Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

Canadian Dollar/Brazilian Real (FOREX:CADBRL)

Strong Uptrend (+100) - CADBRL is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CADBRL continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid CADBRL?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADBRL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CADBRL
Open High Low CADBRL Price Change
3.9723919 4.0048372 3.9586479 3.9792033 +0.0068110
Entry Signal

MarketClub’s Trade Triangles for CADBRL

long term up The long-term trend has been UP since Aug 22nd, 2019 at 3.0655500

intermediate term up The intermediate-term trend has been UP since Aug 4th, 2020 at 4.0036393

short term up The short-term trend has been UP since Jul 31st, 2020 at 3.8858458

Smart Scan Analysis for CADBRL

Based on our trend formula, CADBRL is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for CADBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.9723919 4.0048372 3.9586479 3.9792033 +0.0068110
Prev. Close Volume Bid Ask Time
3.9723919 3.9766562 3.9817503 2020-08-04 21:28:41
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