Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Brazilian Real/South African Rand (FOREX:BRLZAR)
Strong Uptrend (+100) - BRLZAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, BRLZAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid BRLZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BRLZAR
The long-term trend has been UP since Mar 7th, 2023 at 3.5882977
The intermediate-term trend has been UP since Nov 22nd, 2023 at 3.8307381
The short-term trend has been UP since Nov 30th, 2023 at 3.8397771
Smart Scan Analysis for BRLZAR
Based on our trend formula, BRLZAR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).