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.
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 Nov 14th, 2019 at 0.31559227
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).