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Forex Trend Analysis Report

Prepared for you on Monday, March 20, 2023.

Canadian Dollar/Brazilian Real (FOREX:CADBRL)

Bull Market Weakness (+75) - CADBRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADBRL as it may be in the beginning stages of a reversal.

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
3.8427170 3.8508067 3.8380003 3.8496429 +0.0069260
Entry Signal

MarketClub’s Trade Triangles for CADBRL

long term down The long-term trend has been DOWN since Mar 8th, 2023 at 3.7217943

intermediate term up The intermediate-term trend has been UP since Mar 15th, 2023 at 3.8535374

short term up The short-term trend has been UP since Mar 13th, 2023 at 3.7763346

Smart Scan Analysis for CADBRL

Based on our trend formula, CADBRL is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for CADBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.8427170 3.8508067 3.8380003 3.8496429 +0.0069260
Prev. Close Volume Bid Ask Time
3.8427170 2023-03-20 07:49:56
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