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Forex Trend Analysis Report
Prepared for you on Sunday, September 8, 2024.
Canadian Dollar/Brazilian Real (FOREX:CADBRL)
Sidelines Mode (-50) - CADBRL is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CADBRL can gain 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.
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MarketClub’s Trade Triangles for CADBRL
The long-term trend has been UP since Feb 8th, 2024 at 3.7096747
The intermediate-term trend has been DOWN since Aug 12th, 2024 at 4.0003336
The short-term trend has been DOWN since Sep 3rd, 2024 at 4.1303103
Smart Scan Analysis for CADBRL
Based on our trend formula, CADBRL is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.1107568 | 4.1107568 | 4.1107568 | 4.1107568 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.1107568 | 2024-09-07 04:49:26 |