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Forex Trend Analysis Report

Prepared for you on Sunday, April 5, 2020.

South African Rand/Brazilian Real (FOREX:ZARBRL)

Long-Term Downtrend (-90) - ZARBRL is in a strong downtrend that is likely to continue. While ZARBRL 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 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
0.28300559 0.28367498 0.27807838 0.28091541 -0.00209000
Entry Signal

MarketClub’s Trade Triangles for ZARBRL

long term down The long-term trend has been DOWN since Mar 29th, 2020 at 0.27862609

intermediate term down The intermediate-term trend has been DOWN since Mar 23rd, 2020 at 0.28351926

short term down The short-term trend has been DOWN since Apr 2nd, 2020 at 0.28293977

Smart Scan Analysis for ZARBRL

Based on our trend formula, ZARBRL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZARBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.28300559 0.28367498 0.27807838 0.28091541 -0.00209000
Prev. Close Volume Bid Ask Time
0.28300559 0.28072090 0.28110991 2020-04-03 17:10:35
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