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.
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 DOWN since Mar 13th, 2023 at 3.4615481
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).