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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Brazilian Real/South African Rand (FOREX:BRLZAR)

Sidelines Mode (-55) - BRLZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid ?

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
3.4591992 3.4767792 3.4551598 3.4658505 +0.0066510
Entry Signal

MarketClub’s Trade Triangles for BRLZAR

long term down The long-term trend has been DOWN since Sep 2nd, 2019 at 3.6435500

intermediate term down The intermediate-term trend has been DOWN since Feb 11th, 2020 at 3.4154259

short term up The short-term trend has been UP since Feb 17th, 2020 at 3.4762296

Smart Scan Analysis for BRLZAR

Based on our trend formula, BRLZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for BRLZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.4591992 3.4767792 3.4551598 3.4658505 +0.0066510
Prev. Close Volume Bid Ask Time
3.4591992 3.4628923 3.4688087 2020-02-17 21:04:17
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