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Forex Trend Analysis Report

Prepared for you on Monday, July 13, 2020.

Brazilian Real/Canadian Dollar (FOREX:BRLCAD)

Bear Market Rally (-75) - BRLCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BRLCAD as it may be in the beginning of a reversal.

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.

FOREX_BRLCAD
Open High Low BRLCAD Price Change
0.25473313 0.25500044 0.25472358 0.25476534 +0.00003200
Entry Signal

MarketClub’s Trade Triangles for BRLCAD

long term down The long-term trend has been DOWN since Aug 22nd, 2019 at 0.32620500

intermediate term down The intermediate-term trend has been DOWN since Jun 26th, 2020 at 0.25096454

short term down The short-term trend has been DOWN since Jul 7th, 2020 at 0.25226750

Smart Scan Analysis for BRLCAD

Based on our trend formula, BRLCAD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for BRLCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.25473313 0.25500044 0.25472358 0.25476534 +0.00003200
Prev. Close Volume Bid Ask Time
0.25473313 0.25459614 0.25493454 2020-07-13 05:58:33
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