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Forex Trend Analysis Report

Prepared for you on Friday, May 24, 2019.

Canadian Dollar/Brazilian Real (FOREX:CADBRL)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

Open High Low CADBRL Price Change
2.99935 3.00585 2.99935 3.00485 +0.00550
Entry Signal

MarketClub’s Trade Triangles for CADBRL

long term up The long term trend has been UP since Mar 27th, 2019 at 2.94615

intermediate term up The intermediate term trend has been UP since Jan 22nd, 2019 at 2.85875

short term down The short term trend has been DOWN since May 22nd, 2019 at 3.00015

Smart Scan Analysis for CADBRL

Based on a pre-defined weighted trend formula for chart analysis, CADBRL scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for CADBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.99935 3.00585 2.99935 3.00485 +0.00550
Prev. Close Volume Bid Ask Time
2.99935 3.00220 3.00750 2019-05-24 08:56:09
Want to analyze Canadian Dollar/Brazilian Real CADBRL or another symbol? Try our Free Forex Trend Analysis Report.