Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
Brazilian Real/New Zealand Dollar (FOREX:BRLNZD)
Long-Term Downtrend (-90) - BRLNZD is in a strong downtrend that is likely to continue. While BRLNZD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for BRLNZD
The long-term trend has been DOWN since Jul 4th, 2022 at 0.3005
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 0.3137
The short-term trend has been DOWN since Jul 1st, 2022 at 0.3023
Smart Scan Analysis for BRLNZD
Based on our trend formula, BRLNZD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).