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Forex Trend Analysis Report

Prepared for you on Wednesday, May 23, 2018.

Brazilian Real/New Zealand Dollar (FOREX:BRLNZD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_BRLNZD
Open High Low BRLNZD Price Change
0.3966 0.3979 0.3965 0.3971 +0.0005
Entry Signal

MarketClub’s Trade Triangles for BRLNZD

long term down The long term trend has been DOWN since Dec 13th, 2017 at 0.4313

intermediate term down The intermediate term trend has been DOWN since May 15th, 2018 at 0.3966

short term up The short term trend has been UP since May 22nd, 2018 at 0.3933

Smart Scan Analysis for BRLNZD

Based on a pre-defined weighted trend formula for chart analysis, BRLNZD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for BRLNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.3966 0.3979 0.3965 0.3971 +0.0005
Prev. Close Volume Bid Ask Time
0.3966 0.3968 0.3974 2018-05-23 06:51:39
Want to analyze Brazilian Real/New Zealand Dollar BRLNZD or another symbol? Try our Free Forex Trend Analysis Report.