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.
|
MarketClub’s Trade Triangles for BRLZAR
The long-term trend has been UP since Jan 16th, 2024 at 3.8813619
The intermediate-term trend has been DOWN since Mar 7th, 2024 at 3.7895023
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).
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 |