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Forex Trend Analysis Report
Prepared for you on Monday, January 17, 2022.
Brazilian Real/Canadian Dollar (FOREX:BRLCAD)
Sidelines Mode (-55) - BRLCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BRLCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLCAD.
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 BRLCAD
The long-term trend has been DOWN since Oct 4th, 2021 at 0.23136896
The intermediate-term trend has been DOWN since Jan 4th, 2022 at 0.22364393
The short-term trend has been UP since Jan 11th, 2022 at 0.22488970
Smart Scan Analysis for BRLCAD
Based on our trend formula, BRLCAD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.22655406 | 0.22803762 | 0.22586161 | 0.22723498 | +0.00068100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.22655406 | 2022-01-17 10:29:28 |