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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

New Zealand Dollar/Brazilian Real (FOREX:NZDBRL)

Weak Downtrend (-65) - NZDBRL is showing signs of a strengthening downtrend. Monitor NZDBRL as it may be building momentum to the downside.

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
3.3244046 3.3407968 3.3112026 3.3308097 +0.0064050
Entry Signal

MarketClub’s Trade Triangles for NZDBRL

long term up The long-term trend has been UP since Apr 16th, 2024 at 3.1023309

intermediate term down The intermediate-term trend has been DOWN since Jul 10th, 2024 at 3.2676737

short term down The short-term trend has been DOWN since Jul 22nd, 2024 at 3.3256957

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
3.3244046 3.3407968 3.3112026 3.3308097 +0.0064050
Prev. Close Volume Bid Ask Time
3.3244046 2024-07-26 16:52:37
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