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Forex Trend Analysis Report

Prepared for you on Sunday, June 24, 2018.

Brazilian Real/South African Rand (FOREX:BRLZAR)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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.

FOREX_BRLZAR
Open High Low BRLZAR Price Change
3.60580 3.60890 3.54310 3.54995 -0.05585
Entry Signal

MarketClub’s Trade Triangles for BRLZAR

long term down The long term trend has been DOWN since Dec 12th, 2017 at 4.10525

intermediate term up The intermediate term trend has been UP since Jun 8th, 2018 at 3.47745

short term down The short term trend has been DOWN since Jun 21st, 2018 at 3.59090

Smart Scan Analysis for BRLZAR

Based on a pre-defined weighted trend formula for chart analysis, BRLZAR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for BRLZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.60580 3.60890 3.54310 3.54995 -0.05585
Prev. Close Volume Bid Ask Time
3.60580 3.54670 3.55320 2018-06-22 18:02:41
Want to analyze Brazilian Real/South African Rand BRLZAR or another symbol? Try our Free Forex Trend Analysis Report.