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Forex Trend Analysis Report

Prepared for you on Thursday, February 21, 2019.

Brazilian Real/Canadian Dollar (FOREX:BRLCAD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_BRLCAD
Open High Low BRLCAD Price Change
0.353375 0.354485 0.349565 0.351260 -0.002115
Entry Signal

MarketClub’s Trade Triangles for BRLCAD

long term up The long term trend has been UP since Oct 17th, 2018 at 0.354130

intermediate term down The intermediate term trend has been DOWN since Jan 22nd, 2019 at 0.349805

short term down The short term trend has been DOWN since Feb 20th, 2019 at 0.353735

Smart Scan Analysis for BRLCAD

Based on a pre-defined weighted trend formula for chart analysis, BRLCAD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for BRLCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.353375 0.354485 0.349565 0.351260 -0.002115
Prev. Close Volume Bid Ask Time
0.353375 0.350930 0.351590 2019-02-21 21:52:04
Want to analyze Brazilian Real/Canadian Dollar BRLCAD or another symbol? Try our Free Forex Trend Analysis Report.