Forex Trend Analysis Report
Prepared for you on Monday, August 3, 2020.
Brazilian Real/South African Rand (FOREX:BRLZAR)
Bull Market Weakness (+75) - BRLZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLZAR as it may be in the beginning stages of a reversal.
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 DOWN since May 7th, 2020 at 3.2630277
The intermediate-term trend has been UP since Jul 23rd, 2020 at 3.2389512
The short-term trend has been UP since Jul 28th, 2020 at 3.2266912
Smart Scan Analysis for BRLZAR
Based on our trend formula, BRLZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).