Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
South African Rand/Brazilian Real (FOREX:ZARBRL)
Long-Term Downtrend (-90) - ZARBRL is in a strong downtrend that is likely to continue. While ZARBRL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Mar 7th, 2023 at 0.27868383
The intermediate-term trend has been DOWN since Nov 22nd, 2023 at 0.26104645
The short-term trend has been DOWN since Nov 30th, 2023 at 0.26043193
Smart Scan Analysis for ZARBRL
Based on our trend formula, ZARBRL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).