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Forex Trend Analysis Report
Prepared for you on Sunday, September 8, 2024.
New Zealand Dollar/Brazilian Real (FOREX:NZDBRL)
Countertrend Up (+85) - NZDBRL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for NZDBRL
The long-term trend has been UP since Apr 16th, 2024 at 3.1023309
The intermediate-term trend has been UP since Aug 28th, 2024 at 3.4623269
The short-term trend has been DOWN since Sep 3rd, 2024 at 3.4885939
Smart Scan Analysis for NZDBRL
Based on our trend formula, NZDBRL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.4636832 | 3.4708318 | 3.4412246 | 3.4575304 | -0.0061530 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.4636832 | 2024-09-06 17:04:32 |