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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.

FOREX_ZARBRL
Open High Low ZARBRL Price Change
0.37190677 0.37719350 0.36910255 0.37627320 +0.00436600
Entry Signal

MarketClub’s Trade Triangles for ZARBRL

long term down The long-term trend has been DOWN since Jun 15th, 2021 at 0.36559418

intermediate term up The intermediate-term trend has been UP since Oct 12th, 2021 at 0.37048063

short term down 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).

+55
Smart Scan Analysis for ZARBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.37190677 0.37719350 0.36910255 0.37627320 +0.00436600
Prev. Close Volume Bid Ask Time
0.37190677 2021-10-18 23:16:00
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