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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Brazilian Real/New Zealand Dollar (FOREX:BRLNZD)
Sidelines Mode (-55) - BRLNZD 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 BRLNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLNZD.
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 BRLNZD
The long-term trend has been DOWN since Apr 16th, 2024 at 0.3228
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 0.3267
The short-term trend has been UP since May 7th, 2024 at 0.3286
Smart Scan Analysis for BRLNZD
Based on our trend formula, BRLNZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.3272 | 0.3279 | 0.3269 | 0.3276 | +0.0004 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.3272 | 2024-05-09 05:29:12 |