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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
Canadian Dollar/Brazilian Real (FOREX:CADBRL)
Countertrend Down (-85) - CADBRL is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid CADBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CADBRL
The long-term trend has been DOWN since Feb 2nd, 2025 at 4.0073830
The intermediate-term trend has been DOWN since Jan 9th, 2025 at 4.2080153
The short-term trend has been UP since Jan 27th, 2025 at 4.1716141
Smart Scan Analysis for CADBRL
Based on our trend formula, CADBRL is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.0180929 | 4.0180929 | 4.0169992 | 4.0169992 | -0.0010940 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.0180929 | 2025-02-05 01:01:40 |