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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
South African Rand/Brazilian Real (FOREX:ZARBRL)
Sidelines Mode (-55) - ZARBRL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for ZARBRL
The long-term trend has been UP since Apr 2nd, 2024 at 0.26859074
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 0.31929032
The short-term trend has been UP since Nov 15th, 2024 at 0.32097835
Smart Scan Analysis for ZARBRL
Based on our trend formula, ZARBRL is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.31982687 | 0.32008120 | 0.31857325 | 0.31895415 | -0.00087300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.31982687 | 2024-11-20 03:37:11 |