Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
Brazilian Real/Canadian Dollar (FOREX:BRLCAD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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.
MarketClub’s Trade Triangles for BRLCAD
The long term trend has been DOWN since Mar 27th, 2019 at 0.339425
The intermediate term trend has been UP since May 31st, 2019 at 0.343440
The short term trend has been UP since Jun 18th, 2019 at 0.346700
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).