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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

New Zealand Dollar/Brazilian Real (FOREX:NZDBRL)

Weak Uptrend (+65) - NZDBRL is showing signs of weakening momentum to the upside. Monitor NZDBRL as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid NZDBRL?

MarketClub looks at technical strength and momentum to determine if the timing is right for NZDBRL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NZDBRL
Open High Low NZDBRL Price Change
3.0551406 3.0575984 3.0551406 3.0575690 +0.0024280
Entry Signal

MarketClub’s Trade Triangles for NZDBRL

long term up The long-term trend has been UP since Apr 16th, 2024 at 3.1023309

intermediate term up The intermediate-term trend has been UP since Apr 15th, 2024 at 3.0610769

short term down The short-term trend has been DOWN since May 2nd, 2024 at 3.0343238

Smart Scan Analysis for NZDBRL

Based on our trend formula, NZDBRL is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for NZDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.0551406 3.0575984 3.0551406 3.0575690 +0.0024280
Prev. Close Volume Bid Ask Time
3.0551406 2024-05-09 00:06:05
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