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.
MarketClub’s Trade Triangles for BRLNZD
The long-term trend has been DOWN since Oct 4th, 2021 at 0.2635
The intermediate-term trend has been DOWN since Sep 8th, 2021 at 0.2673
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).