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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.
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MarketClub’s Trade Triangles for NZDBRL
The long-term trend has been DOWN since Mar 7th, 2023 at 3.1819266
The intermediate-term trend has been UP since Sep 25th, 2023 at 2.9679324
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).
| 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 |