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.
MarketClub’s Trade Triangles for BRLNZD
The long term trend has been UP since Jun 4th, 2019 at 0.3920
The intermediate term trend has been DOWN since Aug 2nd, 2019 at 0.3932
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).