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.
MarketClub’s Trade Triangles for BRLZAR
The long-term trend has been DOWN since Sep 2nd, 2019 at 3.6435500
The intermediate-term trend has been DOWN since Feb 11th, 2020 at 3.4154259
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).