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Forex Trend Analysis Report

Prepared for you on Thursday, July 18, 2024.

South African Rand/Brazilian Real (FOREX:ZARBRL)

Strong Uptrend (+100) - ZARBRL is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ZARBRL continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid ZARBRL?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARBRL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARBRL
Open High Low ZARBRL Price Change
0.30199843 0.30246124 0.30199843 0.30246124 +0.00046300
Entry Signal

MarketClub’s Trade Triangles for ZARBRL

long term up The long-term trend has been UP since Apr 2nd, 2024 at 0.26859074

intermediate term up The intermediate-term trend has been UP since Mar 7th, 2024 at 0.26388704

short term up The short-term trend has been UP since Jul 12th, 2024 at 0.30277798

Smart Scan Analysis for ZARBRL

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

+100
Smart Scan Analysis for ZARBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.30199843 0.30246124 0.30199843 0.30246124 +0.00046300
Prev. Close Volume Bid Ask Time
0.30199843 2024-07-18 03:17:49
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