Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
Brazilian Real/South African Rand (FOREX:BRLZAR)
Countertrend Up (+85) - BRLZAR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Mar 29th, 2020 at 3.5890421
The intermediate-term trend has been UP since Mar 23rd, 2020 at 3.5270993
The short-term trend has been DOWN since Mar 31st, 2020 at 3.4246978
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).