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Forex Trend Analysis Report

Prepared for you on Saturday, August 8, 2020.

Brazilian Real/New Zealand Dollar (FOREX:BRLNZD)

Strong Downtrend (-100) - BRLNZD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid BRLNZD?

MarketClub looks at technical strength and momentum to determine if the timing is right for BRLNZD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BRLNZD
Open High Low BRLNZD Price Change
0.2813 0.2824 0.2778 0.2787 -0.0026
Entry Signal

MarketClub’s Trade Triangles for BRLNZD

long term down The long-term trend has been DOWN since Nov 12th, 2019 at 0.3751

intermediate term down The intermediate-term trend has been DOWN since Aug 6th, 2020 at 0.2806

short term down The short-term trend has been DOWN since Jul 31st, 2020 at 0.2892

Smart Scan Analysis for BRLNZD

Based on our trend formula, BRLNZD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for BRLNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.2813 0.2824 0.2778 0.2787 -0.0026
Prev. Close Volume Bid Ask Time
0.2813 0.2785 0.2789 2020-08-07 17:29:46
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