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Forex Trend Analysis Report

Prepared for you on Thursday, January 23, 2025.

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
3.1146880 3.1230186 3.1133096 3.1212045 +0.0065170
Entry Signal

MarketClub’s Trade Triangles for BRLZAR

long term down The long-term trend has been DOWN since Apr 2nd, 2024 at 3.7231385

intermediate term up The intermediate-term trend has been UP since Jan 7th, 2025 at 3.0690766

short term down The short-term trend has been DOWN since Jan 22nd, 2025 at 3.0590411

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
3.1146880 3.1230186 3.1133096 3.1212045 +0.0065170
Prev. Close Volume Bid Ask Time
3.1146880 2025-01-23 03:18:05
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