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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 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
0.2467 0.2467 0.2458 0.2460 -0.0007
Entry Signal

MarketClub’s Trade Triangles for BRLNZD

long term down The long-term trend has been DOWN since Oct 4th, 2021 at 0.2635

intermediate term down The intermediate-term trend has been DOWN since Sep 8th, 2021 at 0.2673

short term up The short-term trend has been UP since Oct 11th, 2021 at 0.2622

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
0.2467 0.2467 0.2458 0.2460 -0.0007
Prev. Close Volume Bid Ask Time
0.2467 2021-10-22 04:56:19
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