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Forex Trend Analysis Report

Prepared for you on Wednesday, July 17, 2019.

South African Rand/Brazilian Real (FOREX:ZARBRL)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_ZARBRL
Open High Low ZARBRL Price Change
0.269615 0.270145 0.268555 0.268565 -0.001050
Entry Signal

MarketClub’s Trade Triangles for ZARBRL

long term down The long term trend has been DOWN since Jun 5th, 2019 at 0.260850

intermediate term up The intermediate term trend has been UP since Jun 27th, 2019 at 0.272200

short term up The short term trend has been UP since Jul 15th, 2019 at 0.270185

Smart Scan Analysis for ZARBRL

Based on a pre-defined weighted trend formula for chart analysis, ZARBRL scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for ZARBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.269615 0.270145 0.268555 0.268565 -0.001050
Prev. Close Volume Bid Ask Time
0.269615 0.268310 0.268820 2019-07-17 20:42:19
Want to analyze South African Rand/Brazilian Real ZARBRL or another symbol? Try our Free Forex Trend Analysis Report.