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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

Brazilian Real/New Zealand Dollar (FOREX:BRLNZD)

Countertrend Down (-85) - BRLNZD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
0.2464 0.2498 0.2456 0.2470 +0.0006
Entry Signal

MarketClub’s Trade Triangles for BRLNZD

long term down The long-term trend has been DOWN since Nov 12th, 2019 at 0.3751

intermediate term down The intermediate-term trend has been DOWN since Dec 28th, 2020 at 0.2690

short term up The short-term trend has been UP since Feb 17th, 2021 at 0.2592

Smart Scan Analysis for BRLNZD

Based on our trend formula, BRLNZD is rated as a -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
0.2464 0.2498 0.2456 0.2470 +0.0006
Prev. Close Volume Bid Ask Time
0.2464 2021-02-26 17:10:46
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