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Forex Trend Analysis Report

Prepared for you on Tuesday, September 17, 2019.

New Zealand Dollar/Brazilian Real (FOREX:NZDBRL)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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.

FOREX_NZDBRL
Open High Low NZDBRL Price Change
2.58465 2.60480 2.57980 2.58585 +0.00120
Entry Signal

MarketClub’s Trade Triangles for NZDBRL

long term down The long term trend has been DOWN since Jun 4th, 2019 at 2.5499

intermediate term down The intermediate term trend has been DOWN since Sep 17th, 2019 at 2.5839

short term down The short term trend has been DOWN since Sep 11th, 2019 at 2.6051

Smart Scan Analysis for NZDBRL

Based on a pre-defined weighted trend formula for chart analysis, NZDBRL scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for NZDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.58465 2.60480 2.57980 2.58585 +0.00120
Prev. Close Volume Bid Ask Time
2.58465 2.58450 2.58720 2019-09-17 23:02:58
Want to analyze New Zealand Dollar/Brazilian Real NZDBRL or another symbol? Try our Free Forex Trend Analysis Report.