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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.

FOREX_ZARBRL
Open High Low ZARBRL Price Change
0.35803522 0.35896108 0.35210188 0.35411304 -0.00392200
Entry Signal

MarketClub’s Trade Triangles for ZARBRL

long term down The long-term trend has been DOWN since Nov 25th, 2021 at 0.34757267

intermediate term down The intermediate-term trend has been DOWN since Nov 3rd, 2021 at 0.36546692

short term up 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).

-55
Smart Scan Analysis for ZARBRL
Strong Downtrend Sideways 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
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