Forex Trend Analysis Report
Prepared for you on Friday, March 24, 2023.
Brazilian Real/Canadian Dollar (FOREX:BRLCAD)
Crossroads (-60) - BRLCAD is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for BRLCAD
The long-term trend has been UP since Mar 8th, 2023 at 0.26868775
The intermediate-term trend has been DOWN since Mar 15th, 2023 at 0.25957283
The short-term trend has been DOWN since Mar 23rd, 2023 at 0.25932013
Smart Scan Analysis for BRLCAD
Based on our trend formula, BRLCAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).