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Forex Trend Analysis Report

Prepared for you on Wednesday, December 6, 2023.

South African Rand/Brazilian Real (FOREX:ZARBRL)

Strong Downtrend (-100) - ZARBRL is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARBRL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid ZARBRL?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARBRL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARBRL
Open High Low ZARBRL Price Change
0.26057793 0.26062850 0.25954585 0.25954585 -0.00103200
Entry Signal

MarketClub’s Trade Triangles for ZARBRL

long term down The long-term trend has been DOWN since Mar 7th, 2023 at 0.27868383

intermediate term down The intermediate-term trend has been DOWN since Nov 22nd, 2023 at 0.26104645

short term down The short-term trend has been DOWN since Nov 30th, 2023 at 0.26043193

Smart Scan Analysis for ZARBRL

Based on our trend formula, ZARBRL is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for ZARBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.26057793 0.26062850 0.25954585 0.25954585 -0.00103200
Prev. Close Volume Bid Ask Time
0.26057793 2023-12-06 05:17:57
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