Forex Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
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 DOWN since Feb 22nd, 2021 at 0.22821856
The intermediate-term trend has been UP since Mar 23rd, 2021 at 0.22944766
The short-term trend has been UP since Apr 15th, 2021 at 0.22275180
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).