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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

Brazilian Real/South African Rand (FOREX:BRLZAR)

Strong Downtrend (-100) - BRLZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BRLZAR continues to fall. Traders should use caution and set stops.

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
3.3091192 3.3174571 3.2896332 3.2915712 -0.0175480
Entry Signal

MarketClub’s Trade Triangles for BRLZAR

long term down The long-term trend has been DOWN since Apr 2nd, 2024 at 3.7231385

intermediate term down The intermediate-term trend has been DOWN since Mar 7th, 2024 at 3.7895023

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 3.5403067

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).

-100
Smart Scan Analysis for BRLZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.3091192 3.3174571 3.2896332 3.2915712 -0.0175480
Prev. Close Volume Bid Ask Time
3.3091192 2024-06-19 10:13:42
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