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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.

FOREX_BRLNZD
Open High Low BRLNZD Price Change
0.2750 0.2767 0.2744 0.2758 +0.0008
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 up The intermediate-term trend has been UP since Nov 6th, 2020 at 0.2735

short term up 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).

+70
Smart Scan Analysis for BRLNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.2750 0.2767 0.2744 0.2758 +0.0008
Prev. Close Volume Bid Ask Time
0.2750 2020-12-04 08:46:32
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