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.
MarketClub’s Trade Triangles for NZDBRL
The long term trend has been DOWN since Jun 4th, 2019 at 2.5499
The intermediate term trend has been DOWN since Sep 17th, 2019 at 2.5839
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).