Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Canadian Dollar/Brazilian Real (FOREX:CADBRL)
Countertrend Up (+85) - CADBRL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 Oct 4th, 2021 at 4.3221027
The intermediate-term trend has been UP since Sep 24th, 2021 at 4.2136075
The short-term trend has been DOWN since Oct 15th, 2021 at 4.4199180
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).