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.
MarketClub’s Trade Triangles for BRLZAR
The long term trend has been DOWN since Dec 12th, 2017 at 4.10525
The intermediate term trend has been UP since Jun 8th, 2018 at 3.47745
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).