Forex Trend Analysis Report
Prepared for you on Friday, March 29, 2024.
Brazilian Real/New Zealand Dollar (FOREX:BRLNZD)
Long-Term Uptrend (+90) - BRLNZD is in a strong uptrend that is likely to continue. While BRLNZD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
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MarketClub’s Trade Triangles for BRLNZD
The long-term trend has been UP since Mar 27th, 2024 at 0.3351
The intermediate-term trend has been UP since Mar 21st, 2024 at 0.3330
The short-term trend has been UP since Mar 14th, 2024 at 0.3275
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).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.3337 | 0.3354 | 0.3336 | 0.3338 | +0.0001 |
Prev. Close | Volume | Bid | Ask | Time |
0.3337 | 2024-03-29 05:58:45 |