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Forex Trend Analysis Report

Prepared for you on Monday, November 12, 2018.

South African Rand/Brazilian Real (FOREX:ZARBRL)

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_ZARBRL
Open High Low ZARBRL Price Change
0.259715 0.261330 0.258505 0.260555 +0.000840
Entry Signal

MarketClub’s Trade Triangles for ZARBRL

long term down The long term trend has been DOWN since Aug 13th, 2018 at 0.269555

intermediate term up The intermediate term trend has been UP since Nov 5th, 2018 at 0.263565

short term down The short term trend has been DOWN since Nov 9th, 2018 at 0.261180

Smart Scan Analysis for ZARBRL

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

-55
Smart Scan Analysis for ZARBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.259715 0.261330 0.258505 0.260555 +0.000840
Prev. Close Volume Bid Ask Time
0.259715 0.260310 0.260800 2018-11-12 13:19:54
Want to analyze South African Rand/Brazilian Real ZARBRL or another symbol? Try our Free Forex Trend Analysis Report.