Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
South African Rand/Brazilian Real (FOREX:ZARBRL)
Bear Market Rally (-75) - ZARBRL is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARBRL as it may be in the beginning of a reversal.
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 Mar 7th, 2023 at 0.27868383
The intermediate-term trend has been UP since Mar 13th, 2023 at 0.28888823
The short-term trend has been DOWN since Mar 29th, 2023 at 0.28323715
Smart Scan Analysis for ZARBRL
Based on our trend formula, ZARBRL is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).