Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
South African Rand/Brazilian Real (FOREX:ZARBRL)
Strong Uptrend (+100) - ZARBRL is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ZARBRL continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for ZARBRL
The long-term trend has been UP since May 7th, 2020 at 0.30646400
The intermediate-term trend has been UP since Jan 29th, 2021 at 0.36301893
The short-term trend has been UP since Feb 23rd, 2021 at 0.37372228
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).