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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

South African Rand/Brazilian Real (FOREX:ZARBRL)

Sidelines Mode (-55) - ZARBRL 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 ZARBRL?

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

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

FOREX_ZARBRL
Open High Low ZARBRL Price Change
0.26376425 0.26376425 0.26376425 0.26376425 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ZARBRL

long term down The long-term trend has been DOWN since Jan 16th, 2024 at 0.25750075

intermediate term up The intermediate-term trend has been UP since Mar 7th, 2024 at 0.26388704

short term down The short-term trend has been DOWN since Mar 14th, 2024 at 0.26543877

Smart Scan Analysis for ZARBRL

Based on our trend formula, ZARBRL is rated as a -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
0.26376425 0.26376425 0.26376425 0.26376425 0.00000000
Prev. Close Volume Bid Ask Time
0.26376425 2024-03-29 03:30:09
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