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Forex Trend Analysis Report

Prepared for you on Sunday, December 8, 2019.

Brazilian Real/Canadian Dollar (FOREX:BRLCAD)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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.

FOREX_BRLCAD
Open High Low BRLCAD Price Change
0.31497561 0.32073716 0.31441380 0.32017603 +0.00520000
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 Nov 14th, 2019 at 0.31559227

short term up The short term trend has been UP since Dec 6th, 2019 at 0.31758539

Smart Scan Analysis for BRLCAD

Based on a pre-defined weighted trend formula for chart analysis, BRLCAD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for BRLCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.31497561 0.32073716 0.31441380 0.32017603 +0.00520000
Prev. Close Volume Bid Ask Time
0.31497561 0.31989637 0.32045569 2019-12-06 16:27:44
Want to analyze Brazilian Real/Canadian Dollar BRLCAD or another symbol? Try our Free Forex Trend Analysis Report.