Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
Canadian Dollar/Brazilian Real (FOREX:CADBRL)
Bull Market Weakness (+75) - CADBRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADBRL as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for CADBRL
The long-term trend has been DOWN since Mar 8th, 2023 at 3.7217943
The intermediate-term trend has been UP since Mar 15th, 2023 at 3.8535374
The short-term trend has been UP since Mar 13th, 2023 at 3.7763346
Smart Scan Analysis for CADBRL
Based on our trend formula, CADBRL is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).