Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 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.

FOREX_NZDBRL
Open High Low NZDBRL Price Change
3.0599665 3.0692487 3.0399999 3.0507372 -0.0092290
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 up The intermediate-term trend has been UP since Apr 15th, 2024 at 3.0610769

short term down The short-term trend has been DOWN since Apr 23rd, 2024 at 3.0540488

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).

+85
Smart Scan Analysis for NZDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.0599665 3.0692487 3.0399999 3.0507372 -0.0092290
Prev. Close Volume Bid Ask Time
3.0599665 2024-04-23 23:39:51
Get a free daily analysis and signals for New Zealand Dollar/Brazilian Real (NZDBRL) - Request Your Free Report.