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Forex Trend Analysis Report

Prepared for you on Friday, August 23, 2019.

Brazilian Real/New Zealand Dollar (FOREX:BRLNZD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_BRLNZD
Open High Low BRLNZD Price Change
0.3844 0.3857 0.3830 0.3833 -0.0011
Entry Signal

MarketClub’s Trade Triangles for BRLNZD

long term up The long term trend has been UP since Jun 4th, 2019 at 0.3920

intermediate term down The intermediate term trend has been DOWN since Aug 2nd, 2019 at 0.3932

short term down The short term trend has been DOWN since Aug 1st, 2019 at 0.3976

Smart Scan Analysis for BRLNZD

Based on a pre-defined weighted trend formula for chart analysis, BRLNZD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for BRLNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.3844 0.3857 0.3830 0.3833 -0.0011
Prev. Close Volume Bid Ask Time
0.3844 0.3830 0.3836 2019-08-23 12:28:00
Want to analyze Brazilian Real/New Zealand Dollar BRLNZD or another symbol? Try our Free Forex Trend Analysis Report.