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Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

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.

FOREX_CADBRL
Open High Low CADBRL Price Change
3.7692097 3.7692097 3.7692097 3.7692097 0.0000000
Entry Signal

MarketClub’s Trade Triangles for CADBRL

long term up The long-term trend has been UP since Feb 8th, 2024 at 3.7096747

intermediate term up The intermediate-term trend has been UP since Mar 8th, 2024 at 3.7066841

short term up The short-term trend has been UP since Apr 12th, 2024 at 3.7216307

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).

+90
Smart Scan Analysis for CADBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7692097 3.7692097 3.7692097 3.7692097 0.0000000
Prev. Close Volume Bid Ask Time
3.7692097 2024-04-23 03:15:13
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