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Forex Trend Analysis Report

Prepared for you on Wednesday, March 3, 2021.

Brazilian Real/South African Rand (FOREX:BRLZAR)

Countertrend Down (-85) - BRLZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
2.6305722 2.6357240 2.6080362 2.6188402 -0.0117320
Entry Signal

MarketClub’s Trade Triangles for BRLZAR

long term down The long-term trend has been DOWN since May 7th, 2020 at 3.2630277

intermediate term down The intermediate-term trend has been DOWN since Jan 29th, 2021 at 2.7546783

short term up The short-term trend has been UP since Feb 22nd, 2021 at 2.7565884

Smart Scan Analysis for BRLZAR

Based on our trend formula, BRLZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for BRLZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6305722 2.6357240 2.6080362 2.6188402 -0.0117320
Prev. Close Volume Bid Ask Time
2.6305722 2021-03-03 10:34:22
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