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Forex Trend Analysis Report

Prepared for you on Wednesday, September 19, 2018.

Brazilian Real/South African Rand (FOREX:BRLZAR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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.

FOREX_BRLZAR
Open High Low BRLZAR Price Change
3.57465 3.57635 3.53680 3.53680 -0.03785
Entry Signal

MarketClub’s Trade Triangles for BRLZAR

long term up The long term trend has been UP since Aug 13th, 2018 at 3.70980

intermediate term down The intermediate term trend has been DOWN since Aug 22nd, 2018 at 3.48925

short term down The short term trend has been DOWN since Sep 19th, 2018 at 3.56740

Smart Scan Analysis for BRLZAR

Based on a pre-defined weighted trend formula for chart analysis, BRLZAR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for BRLZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.57465 3.57635 3.53680 3.53680 -0.03785
Prev. Close Volume Bid Ask Time
3.57465 3.53390 3.53970 2018-09-19 06:16:40
Want to analyze Brazilian Real/South African Rand BRLZAR or another symbol? Try our Free Forex Trend Analysis Report.