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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 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.
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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 DOWN since Jul 12th, 2024 at 3.3020585
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.2379923 | 3.2478580 | 3.2289133 | 3.2387449 | +0.0007530 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.2379923 | 2024-07-26 10:47:00 |