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Forex Trend Analysis Report

Prepared for you on Thursday, March 23, 2023.

Brazilian Real/South African Rand (FOREX:BRLZAR)

Weak Downtrend (-65) - BRLZAR is showing signs of a strengthening downtrend. Monitor BRLZAR as it may be building momentum to the downside.

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.

FOREX_BRLZAR
Open High Low BRLZAR Price Change
3.4671676 3.4888919 3.4359974 3.4359974 -0.0311700
Entry Signal

MarketClub’s Trade Triangles for BRLZAR

long term up The long-term trend has been UP since Mar 7th, 2023 at 3.5882977

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2023 at 3.4615481

short term down The short-term trend has been DOWN since Mar 22nd, 2023 at 3.4764299

Smart Scan Analysis for BRLZAR

Based on our trend formula, BRLZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for BRLZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.4671676 3.4888919 3.4359974 3.4359974 -0.0311700
Prev. Close Volume Bid Ask Time
3.4671676 2023-03-23 10:42:58
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