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.
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 DOWN since Mar 23rd, 2021 at 4.3582942
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).