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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Brazilian Real/Canadian Dollar (FOREX:BRLCAD)
Long-Term Downtrend (-90) - BRLCAD is in a strong downtrend that is likely to continue. While BRLCAD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for BRLCAD
The long-term trend has been DOWN since Feb 8th, 2024 at 0.26956556
The intermediate-term trend has been DOWN since May 27th, 2024 at 0.26376416
The short-term trend has been DOWN since Jul 18th, 2024 at 0.24931764
Smart Scan Analysis for BRLCAD
Based on our trend formula, BRLCAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.24471508 | 0.24588465 | 0.24441477 | 0.24503102 | +0.00031600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.24471508 | 2024-07-26 10:47:00 |