Forex Trend Analysis Report
Prepared for you on Sunday, July 12, 2020.
Canadian Dollar/Brazilian Real (FOREX:CADBRL)
Weak Uptrend (+65) - CADBRL is showing signs of weakening momentum to the upside. Monitor 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 UP since Aug 22nd, 2019 at 3.0655500
The intermediate-term trend has been UP since Jun 26th, 2020 at 3.9846285
The short-term trend has been DOWN since Jul 9th, 2020 at 3.8873796
Smart Scan Analysis for CADBRL
Based on our trend formula, CADBRL is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).