Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
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 Oct 4th, 2021 at 4.3221027
The intermediate-term trend has been UP since Sep 24th, 2021 at 4.2136075
The short-term trend has been UP since Oct 18th, 2021 at 4.4697181
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).