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.
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 DOWN since Jan 29th, 2021 at 2.7546783
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).