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.
MarketClub’s Trade Triangles for NZDBRL
The long-term trend has been UP since Jul 4th, 2022 at 3.3286748
The intermediate-term trend has been DOWN since Aug 5th, 2022 at 3.2193411
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).