Forex Trend Analysis Report
Prepared for you on Friday, September 18, 2020.
New Zealand Dollar/Brazilian Real (FOREX:NZDBRL)
Bull Market Weakness (+75) - NZDBRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NZDBRL as it may be in the beginning stages of a reversal.
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 Nov 12th, 2019 at 2.6650500
The intermediate-term trend has been DOWN since Sep 11th, 2020 at 3.5211564
The short-term trend has been UP since Sep 18th, 2020 at 3.5629032
Smart Scan Analysis for NZDBRL
Based on our trend formula, NZDBRL is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).