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Forex Trend Analysis Report
Prepared for you on Friday, November 29, 2024.
Brazilian Real/South African Rand (FOREX:BRLZAR)
Bear Market Rally (-75) - BRLZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BRLZAR as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for BRLZAR
The long-term trend has been DOWN since Apr 2nd, 2024 at 3.7231385
The intermediate-term trend has been UP since Nov 12th, 2024 at 3.1319472
The short-term trend has been DOWN since Nov 21st, 2024 at 3.1023502
Smart Scan Analysis for BRLZAR
Based on our trend formula, BRLZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.9991921 | 3.0037520 | 2.9870670 | 2.9942459 | -0.0049460 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.9991921 | 2024-11-29 03:27:51 |