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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
Brazilian Real/South African Rand (FOREX:BRLZAR)
Long-Term Downtrend (-90) - BRLZAR is in a strong downtrend that is likely to continue. While BRLZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.
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MarketClub’s Trade Triangles for BRLZAR
The long-term trend has been DOWN since Apr 2nd, 2024 at 3.7231385
The intermediate-term trend has been DOWN since Mar 7th, 2024 at 3.7895023
The short-term trend has been DOWN since Apr 26th, 2024 at 3.6783563
Smart Scan Analysis for BRLZAR
Based on our trend formula, BRLZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.6987630 | 3.6991447 | 3.6511697 | 3.6696724 | -0.0290910 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.6987630 | 2024-04-26 10:47:08 |