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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Brazilian Real (FOREX:ZARBRL)
Countertrend Up (+85) - ZARBRL 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 ZARBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ZARBRL
The long-term trend has been UP since Apr 2nd, 2024 at 0.26859074
The intermediate-term trend has been UP since Mar 7th, 2024 at 0.26388704
The short-term trend has been DOWN since May 8th, 2024 at 0.27373970
Smart Scan Analysis for ZARBRL
Based on our trend formula, ZARBRL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.27442013 | 0.27500695 | 0.27426630 | 0.27500431 | +0.00058400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.27442013 | 2024-05-09 07:20:50 |