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Forex Trend Analysis Report

Prepared for you on Friday, May 7, 2021.

Canadian Dollar/Brazilian Real (FOREX:CADBRL)

Weak Downtrend (-65) - CADBRL is showing signs of a strengthening downtrend. Monitor CADBRL as it may be building momentum to the downside.

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.

FOREX_CADBRL
Open High Low CADBRL Price Change
4.3375611 4.3375611 4.3373420 4.3373420 -0.0002190
Entry Signal

MarketClub’s Trade Triangles for CADBRL

long term up The long-term trend has been UP since Feb 25th, 2021 at 4.3839709

intermediate term down The intermediate-term trend has been DOWN since Mar 23rd, 2021 at 4.3582942

short term down The short-term trend has been DOWN since Apr 15th, 2021 at 4.4893031

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).

-70
Smart Scan Analysis for CADBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.3375611 4.3375611 4.3373420 4.3373420 -0.0002190
Prev. Close Volume Bid Ask Time
4.3375611 2021-05-07 00:53:53
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