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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

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.

FOREX_NZDBRL
Open High Low NZDBRL Price Change
3.0509786 3.0551901 3.0415824 3.0448026 -0.0061760
Entry Signal

MarketClub’s Trade Triangles for NZDBRL

long term up The long-term trend has been UP since Oct 4th, 2023 at 3.0661788

intermediate term up The intermediate-term trend has been UP since Feb 8th, 2024 at 3.0542250

short term down The short-term trend has been DOWN since Mar 14th, 2024 at 3.0538271

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).

+55
Smart Scan Analysis for NZDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.0509786 3.0551901 3.0415824 3.0448026 -0.0061760
Prev. Close Volume Bid Ask Time
3.0509786 2024-03-19 03:29:39
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