Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
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.
MarketClub’s Trade Triangles for ZARBRL
The long-term trend has been DOWN since Jun 15th, 2021 at 0.36559418
The intermediate-term trend has been UP since Oct 12th, 2021 at 0.37048063
The short-term trend has been DOWN since Oct 18th, 2021 at 0.36963207
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).