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.
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 Aug 6th, 2020 at 0.2806
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).