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Forex Trend Analysis Report
Prepared for you on Tuesday, December 7, 2021.
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 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.
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MarketClub’s Trade Triangles for ZARBRL
The long-term trend has been DOWN since Nov 25th, 2021 at 0.34757267
The intermediate-term trend has been DOWN since Nov 3rd, 2021 at 0.36546692
The short-term trend has been UP since Nov 30th, 2021 at 0.35436909
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.35803522 | 0.35896108 | 0.35210188 | 0.35411304 | -0.00392200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.35803522 | 2021-12-07 19:23:15 |