Forex Trend Analysis Report
Prepared for you on Monday, July 13, 2020.
Brazilian Real/Canadian Dollar (FOREX:BRLCAD)
Bear Market Rally (-75) - BRLCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BRLCAD as it may be in the beginning of a reversal.
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 Aug 22nd, 2019 at 0.32620500
The intermediate-term trend has been DOWN since Jun 26th, 2020 at 0.25096454
The short-term trend has been DOWN since Jul 7th, 2020 at 0.25226750
Smart Scan Analysis for BRLCAD
Based on our trend formula, BRLCAD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).