Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
South African Rand/Brazilian Real (FOREX:ZARBRL)
Sidelines Mode (+55) - ZARBRL 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 ZARBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARBRL
The long-term trend has been UP since Sep 2nd, 2019 at 0.27445500
The intermediate-term trend has been UP since Feb 11th, 2020 at 0.29278947
The short-term trend has been DOWN since Feb 17th, 2020 at 0.28766822
Smart Scan Analysis for ZARBRL
Based on our trend formula, ZARBRL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).