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Forex Trend Analysis Report

Prepared for you on Tuesday, July 5, 2022.

Brazilian Real/New Zealand Dollar (FOREX:BRLNZD)

Long-Term Downtrend (-90) - BRLNZD is in a strong downtrend that is likely to continue. While BRLNZD 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 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.

FOREX_BRLNZD
Open High Low BRLNZD Price Change
0.3020 0.3056 0.3014 0.3055 +0.0035
Entry Signal

MarketClub’s Trade Triangles for BRLNZD

long term down The long-term trend has been DOWN since Jul 4th, 2022 at 0.3005

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2022 at 0.3137

short term down The short-term trend has been DOWN since Jul 1st, 2022 at 0.3023

Smart Scan Analysis for BRLNZD

Based on our trend formula, BRLNZD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BRLNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.3020 0.3056 0.3014 0.3055 +0.0035
Prev. Close Volume Bid Ask Time
0.3020 2022-07-05 07:49:08
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