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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.

FOREX_BRLNZD
Open High Low BRLNZD Price Change
0.2643 0.2666 0.2640 0.2648 +0.0005
Entry Signal

MarketClub’s Trade Triangles for BRLNZD

long term up The long-term trend has been UP since May 6th, 2021 at 0.2615

intermediate term down The intermediate-term trend has been DOWN since Sep 8th, 2021 at 0.2673

short term down 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).

-60
Smart Scan Analysis for BRLNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.2643 0.2666 0.2640 0.2648 +0.0005
Prev. Close Volume Bid Ask Time
0.2643 2021-09-28 19:26:43
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