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Forex Trend Analysis Report

Prepared for you on Sunday, February 17, 2019.

Canadian Dollar/Brazilian Real (FOREX:CADBRL)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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.

FOREX_CADBRL
Open High Low CADBRL Price Change
2.79765 2.80345 2.78995 2.79355 -0.00410
Entry Signal

MarketClub’s Trade Triangles for CADBRL

long term down The long term trend has been DOWN since Oct 17th, 2018 at 2.82380

intermediate term up The intermediate term trend has been UP since Jan 22nd, 2019 at 2.85875

short term down The short term trend has been DOWN since Feb 14th, 2019 at 2.79875

Smart Scan Analysis for CADBRL

Based on a pre-defined weighted trend formula for chart analysis, CADBRL scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for CADBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.79765 2.80345 2.78995 2.79355 -0.00410
Prev. Close Volume Bid Ask Time
2.79765 2.79090 2.79620 2019-02-15 18:24:49
Want to analyze Canadian Dollar/Brazilian Real CADBRL or another symbol? Try our Free Forex Trend Analysis Report.