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Forex Trend Analysis Report
Prepared for you on Monday, May 20, 2024.
Brazilian Real/South African Rand (FOREX:BRLZAR)
Countertrend Down (-85) - BRLZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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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 DOWN since Mar 7th, 2024 at 3.7895023
The short-term trend has been UP since May 20th, 2024 at 3.5661949
Smart Scan Analysis for BRLZAR
Based on our trend formula, BRLZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.5544640 | 3.5824171 | 3.5541067 | 3.5566146 | +0.0021510 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.5544640 | 2024-05-20 15:27:04 |