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.
MarketClub’s Trade Triangles for ZARBRL
The long-term trend has been UP since May 7th, 2020 at 0.30646400
The intermediate-term trend has been DOWN since Jul 23rd, 2020 at 0.30874206
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).