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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

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
3.2275740 3.2343078 3.1869411 3.1918469 -0.0357270
Entry Signal

MarketClub’s Trade Triangles for NZDBRL

long term up The long-term trend has been UP since Jul 4th, 2022 at 3.3286748

intermediate term down The intermediate-term trend has been DOWN since Aug 5th, 2022 at 3.2193411

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 3.2536609

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
3.2275740 3.2343078 3.1869411 3.1918469 -0.0357270
Prev. Close Volume Bid Ask Time
3.2275740 2022-08-19 17:00:03
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