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Forex Trend Analysis Report

Prepared for you on Wednesday, September 27, 2023.

New Zealand Dollar/Brazilian Real (FOREX:NZDBRL)

Bull Market Weakness (+75) - NZDBRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NZDBRL as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid NZDBRL?

MarketClub looks at technical strength and momentum to determine if the timing is right for NZDBRL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NZDBRL
Open High Low NZDBRL Price Change
2.9548363 2.9962455 2.9521841 2.9920714 +0.0372350
Entry Signal

MarketClub’s Trade Triangles for NZDBRL

long term down The long-term trend has been DOWN since Mar 7th, 2023 at 3.1819266

intermediate term up The intermediate-term trend has been UP since Sep 25th, 2023 at 2.9679324

short term up The short-term trend has been UP since Sep 19th, 2023 at 2.8913662

Smart Scan Analysis for NZDBRL

Based on our trend formula, NZDBRL is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for NZDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.9548363 2.9962455 2.9521841 2.9920714 +0.0372350
Prev. Close Volume Bid Ask Time
2.9548363 2023-09-27 12:03:19
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