Forex Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
Brazilian Real/New Zealand Dollar (FOREX:BRLNZD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Oct 5th, 2018 at 0.4024
The intermediate term trend has been DOWN since Feb 14th, 2019 at 0.3861
The short term trend has been UP since Feb 12th, 2019 at 0.4000
Smart Scan Analysis for BRLNZD
Based on a pre-defined weighted trend formula for chart analysis, BRLNZD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).