Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
Canadian Dollar/Brazilian Real (FOREX:CADBRL)
Long-Term Uptrend (+90) - CADBRL is in a strong uptrend that is likely to continue. While CADBRL is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Jul 1st, 2022 at 4.1050693
The intermediate-term trend has been UP since Jun 13th, 2022 at 3.9208238
The short-term trend has been UP since Jul 1st, 2022 at 4.1050693
Smart Scan Analysis for CADBRL
Based on our trend formula, CADBRL is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).