Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Brazilian Real/New Zealand Dollar (FOREX:BRLNZD)
Bull Market Weakness (+75) - BRLNZD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.
MarketClub’s Trade Triangles for BRLNZD
The long-term trend has been DOWN since Nov 12th, 2019 at 0.3751
The intermediate-term trend has been UP since Nov 6th, 2020 at 0.2735
The short-term trend has been UP since Dec 1st, 2020 at 0.2690
Smart Scan Analysis for BRLNZD
Based on our trend formula, BRLNZD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).