Forex Trend Analysis Report
Prepared for you on Tuesday, September 28, 2021.
Brazilian Real/New Zealand Dollar (FOREX:BRLNZD)
Crossroads (-60) - BRLNZD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since May 6th, 2021 at 0.2615
The intermediate-term trend has been DOWN since Sep 8th, 2021 at 0.2673
The short-term trend has been DOWN since Sep 27th, 2021 at 0.2661
Smart Scan Analysis for BRLNZD
Based on our trend formula, BRLNZD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).