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Forex Trend Analysis Report

Prepared for you on Saturday, July 2, 2022.

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.

FOREX_NZDBRL
Open High Low NZDBRL Price Change
3.2463192 3.3112419 3.2344193 3.3097979 +0.0634790
Entry Signal

MarketClub’s Trade Triangles for NZDBRL

long term down The long-term trend has been DOWN since Jan 19th, 2022 at 3.7168371

intermediate term up The intermediate-term trend has been UP since Jun 13th, 2022 at 3.1867339

short term up The short-term trend has been UP since Jul 1st, 2022 at 3.3089212

Smart Scan Analysis for NZDBRL

Based on our trend formula, NZDBRL is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for NZDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.2463192 3.3112419 3.2344193 3.3097979 +0.0634790
Prev. Close Volume Bid Ask Time
3.2463192 2022-07-01 17:09:04
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