Forex Trend Analysis Report
Prepared for you on Monday, June 24, 2019.
New Zealand Dollar/Brazilian Real (FOREX:NZDBRL)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 NZDBRL
The long term trend has been DOWN since Jun 4th, 2019 at 2.54990
The intermediate term trend has been DOWN since May 30th, 2019 at 2.57995
The short term trend has been DOWN since Jun 10th, 2019 at 2.56135
Smart Scan Analysis for NZDBRL
Based on a pre-defined weighted trend formula for chart analysis, NZDBRL scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).