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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Brazilian Real/South African Rand (FOREX:BRLZAR)

Sidelines Mode (+55) - BRLZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid BRLZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for BRLZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BRLZAR
Open High Low BRLZAR Price Change
3.7958637 3.8281843 3.7741864 3.7913460 -0.0045180
Entry Signal

MarketClub’s Trade Triangles for BRLZAR

long term up The long-term trend has been UP since Jan 16th, 2024 at 3.8813619

intermediate term down The intermediate-term trend has been DOWN since Mar 7th, 2024 at 3.7895023

short term up The short-term trend has been UP since Mar 14th, 2024 at 3.7673492

Smart Scan Analysis for BRLZAR

Based on our trend formula, BRLZAR is rated as a +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
3.7958637 3.8281843 3.7741864 3.7913460 -0.0045180
Prev. Close Volume Bid Ask Time
3.7958637 2024-03-28 22:00:12
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