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Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 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.

FOREX_BRLZAR
Open High Low BRLZAR Price Change
3.2924913 3.3094613 3.2852962 3.2921642 -0.0003270
Entry Signal

MarketClub’s Trade Triangles for BRLZAR

long term down The long-term trend has been DOWN since Apr 2nd, 2024 at 3.7231385

intermediate term down The intermediate-term trend has been DOWN since Mar 7th, 2024 at 3.7895023

short term down The short-term trend has been DOWN since Jul 12th, 2024 at 3.3020585

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).

-90
Smart Scan Analysis for BRLZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.2924913 3.3094613 3.2852962 3.2921642 -0.0003270
Prev. Close Volume Bid Ask Time
3.2924913 2024-07-23 15:59:31
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