Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
New Zealand Dollar/Brazilian Real (FOREX:NZDBRL)
Strong Uptrend (+100) - NZDBRL is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, NZDBRL continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for NZDBRL
The long-term trend has been UP since Oct 4th, 2021 at 3.7960782
The intermediate-term trend has been UP since Sep 8th, 2021 at 3.7398732
The short-term trend has been UP since Oct 12th, 2021 at 3.8482773
Smart Scan Analysis for NZDBRL
Based on our trend formula, NZDBRL is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).