Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
Canadian Dollar/Brazilian Real (FOREX:CADBRL)
Long-Term Uptrend (+90) - CADBRL is in a strong uptrend that is likely to continue. While CADBRL is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Feb 25th, 2021 at 4.3839709
The intermediate-term trend has been UP since Dec 28th, 2020 at 4.0711626
The short-term trend has been UP since Feb 18th, 2021 at 4.2703353
Smart Scan Analysis for CADBRL
Based on our trend formula, CADBRL is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).