Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
Brazilian Real/South African Rand (FOREX:BRLZAR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
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MarketClub’s Trade Triangles for BRLZAR
The long term trend has been DOWN since Sep 2nd, 2019 at 3.643550
The intermediate term trend has been DOWN since Oct 17th, 2019 at 3.554300
The short term trend has been UP since Oct 17th, 2019 at 3.600502
Smart Scan Analysis for BRLZAR
Based on a pre-defined weighted trend formula for chart analysis, BRLZAR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.6003123 | 3.6003123 | 3.5558853 | 3.5734889 | -0.0268230 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.6003123 | 3.5703855 | 3.5765923 | 2019-10-21 18:03:06 |