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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.

FOREX_CADBRL
Open High Low CADBRL Price Change
4.4609562 4.4693794 4.3862696 4.4152324 -0.0457240
Entry Signal

MarketClub’s Trade Triangles for CADBRL

long term up The long-term trend has been UP since Oct 4th, 2021 at 4.3221027

intermediate term up The intermediate-term trend has been UP since Sep 24th, 2021 at 4.2136075

short term down 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).

+85
Smart Scan Analysis for CADBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.4609562 4.4693794 4.3862696 4.4152324 -0.0457240
Prev. Close Volume Bid Ask Time
4.4609562 2021-10-15 17:19:11
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