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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.

FOREX_ZARBRL
Open High Low ZARBRL Price Change
0.28908446 0.28942243 0.28762274 0.28830470 -0.00078000
Entry Signal

MarketClub’s Trade Triangles for ZARBRL

long term up The long-term trend has been UP since Sep 2nd, 2019 at 0.27445500

intermediate term up The intermediate-term trend has been UP since Feb 11th, 2020 at 0.29278947

short term down 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).

+55
Smart Scan Analysis for ZARBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.28908446 0.28942243 0.28762274 0.28830470 -0.00078000
Prev. Close Volume Bid Ask Time
0.28908446 0.28805854 0.28855086 2020-02-17 20:53:16
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