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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

New Zealand Dollar/Brazilian Real (FOREX:NZDBRL)

Sidelines Mode (+55) - NZDBRL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid NZDBRL?

MarketClub looks at technical strength and momentum to determine if the timing is right for NZDBRL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NZDBRL
Open High Low NZDBRL Price Change
3.8570061 3.8764925 3.7944488 3.8126584 -0.0443480
Entry Signal

MarketClub’s Trade Triangles for NZDBRL

long term up The long-term trend has been UP since Nov 12th, 2019 at 2.665050

intermediate term up The intermediate-term trend has been UP since Apr 14th, 2021 at 4.066367

short term down The short-term trend has been DOWN since Apr 16th, 2021 at 3.989368

Smart Scan Analysis for NZDBRL

Based on our trend formula, NZDBRL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for NZDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.8570061 3.8764925 3.7944488 3.8126584 -0.0443480
Prev. Close Volume Bid Ask Time
3.8570061 2021-05-06 15:10:34
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