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Forex Trend Analysis Report

Prepared for you on Saturday, April 13, 2024.

Brazilian Real/New Zealand Dollar (FOREX:BRLNZD)

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

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
0.3274 0.3299 0.3267 0.3291 +0.0017
Entry Signal

MarketClub’s Trade Triangles for BRLNZD

long term up The long-term trend has been UP since Mar 27th, 2024 at 0.3351

intermediate term up The intermediate-term trend has been UP since Mar 21st, 2024 at 0.3330

short term down The short-term trend has been DOWN since Apr 11th, 2024 at 0.3272

Smart Scan Analysis for BRLNZD

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

+65
Smart Scan Analysis for BRLNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.3274 0.3299 0.3267 0.3291 +0.0017
Prev. Close Volume Bid Ask Time
0.3274 2024-04-12 17:05:41
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