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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.
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MarketClub’s Trade Triangles for NZDBRL
The long-term trend has been UP since Nov 12th, 2019 at 2.665050
The intermediate-term trend has been UP since Apr 14th, 2021 at 4.066367
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).
| 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 |