Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Brazilian Real/New Zealand Dollar (FOREX:BRLNZD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.
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MarketClub’s Trade Triangles for BRLNZD
The long term trend has been DOWN since Nov 12th, 2019 at 0.3751
The intermediate term trend has been DOWN since Jan 10th, 2020 at 0.3674
The short term trend has been UP since Jan 28th, 2020 at 0.3647
Smart Scan Analysis for BRLNZD
Based on a pre-defined weighted trend formula for chart analysis, BRLNZD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.3653 | 0.3667 | 0.3643 | 0.3644 | -0.0009 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.3653 | 0.3641 | 0.3647 | 2020-01-29 10:30:42 |