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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

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
3.6877519 3.6877519 3.6867546 3.6867546 -0.0009970
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 down The short-term trend has been DOWN since Mar 21st, 2024 at 3.6822356

Smart Scan Analysis for CADBRL

Based on our trend formula, CADBRL is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for CADBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.6877519 3.6877519 3.6867546 3.6867546 -0.0009970
Prev. Close Volume Bid Ask Time
3.6877519 2024-03-29 03:30:09
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