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.
MarketClub’s Trade Triangles for CADBRL
The long-term trend has been UP since Aug 22nd, 2019 at 3.0655500
The intermediate-term trend has been UP since Aug 4th, 2020 at 4.0036393
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).