Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
New Zealand Dollar/Brazilian Real (FOREX:NZDBRL)
Strong Uptrend (+100) - NZDBRL is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, NZDBRL continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for NZDBRL
The long-term trend has been UP since Nov 12th, 2019 at 2.6650500
The intermediate-term trend has been UP since Dec 28th, 2020 at 3.7305980
The short-term trend has been UP since Feb 18th, 2021 at 3.9037889
Smart Scan Analysis for NZDBRL
Based on our trend formula, NZDBRL is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).