Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
Brazilian Real/Canadian Dollar (FOREX:BRLCAD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 UP since Oct 17th, 2018 at 0.354130
The intermediate term trend has been DOWN since Jan 22nd, 2019 at 0.349805
The short term trend has been DOWN since Feb 20th, 2019 at 0.353735
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).