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Forex Trend Analysis Report

Prepared for you on Saturday, August 8, 2020.

South African Rand/Brazilian Real (FOREX:ZARBRL)

Crossroads (-60) - ZARBRL is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
0.30351210 0.30945744 0.30198833 0.30837644 +0.00486400
Entry Signal

MarketClub’s Trade Triangles for ZARBRL

long term up The long-term trend has been UP since May 7th, 2020 at 0.30646400

intermediate term down The intermediate-term trend has been DOWN since Jul 23rd, 2020 at 0.30874206

short term down The short-term trend has been DOWN since Jul 28th, 2020 at 0.30991514

Smart Scan Analysis for ZARBRL

Based on our trend formula, ZARBRL is rated as a -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
0.30351210 0.30945744 0.30198833 0.30837644 +0.00486400
Prev. Close Volume Bid Ask Time
0.30351210 0.30818404 0.30856884 2020-08-07 17:30:55
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