Forex Trend Analysis Report
Prepared for you on Tuesday, December 18, 2018.
Brazilian Real/New Zealand Dollar (FOREX:BRLNZD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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.
MarketClub’s Trade Triangles for BRLNZD
The long term trend has been UP since Oct 5th, 2018 at 0.4024
The intermediate term trend has been DOWN since Nov 5th, 2018 at 0.4042
The short term trend has been DOWN since Dec 18th, 2018 at 0.3740
Smart Scan Analysis for BRLNZD
Based on a pre-defined weighted trend formula for chart analysis, BRLNZD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).