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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.

FOREX_BRLCAD
Open High Low BRLCAD Price Change
0.23054439 0.23351706 0.23030286 0.23265561 +0.00211100
Entry Signal

MarketClub’s Trade Triangles for BRLCAD

long term down The long-term trend has been DOWN since Feb 22nd, 2021 at 0.22821856

intermediate term up The intermediate-term trend has been UP since Mar 23rd, 2021 at 0.22944766

short term up 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).

+60
Smart Scan Analysis for BRLCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.23054439 0.23351706 0.23030286 0.23265561 +0.00211100
Prev. Close Volume Bid Ask Time
0.23054439 2021-05-07 14:25:46
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