Forex Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
Brazilian Real/South African Rand (FOREX:BRLZAR)
Long-Term Uptrend (+90) - BRLZAR is in a strong uptrend that is likely to continue. While BRLZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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 7th, 2023 at 3.5882977
The intermediate-term trend has been UP since Nov 22nd, 2023 at 3.8307381
The short-term trend has been UP since Nov 21st, 2023 at 3.7889189
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).