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Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2019.

New Zealand Dollar/Brazilian Real (FOREX:NZDBRL)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_NZDBRL
Open High Low NZDBRL Price Change
2.52815 2.52825 2.52370 2.52710 -0.00105
Entry Signal

MarketClub’s Trade Triangles for NZDBRL

long term down The long term trend has been DOWN since Jun 4th, 2019 at 2.54990

intermediate term down The intermediate term trend has been DOWN since May 30th, 2019 at 2.57995

short term down The short term trend has been DOWN since Jun 10th, 2019 at 2.56135

Smart Scan Analysis for NZDBRL

Based on a pre-defined weighted trend formula for chart analysis, NZDBRL scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for NZDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.52815 2.52825 2.52370 2.52710 -0.00105
Prev. Close Volume Bid Ask Time
2.52815 2.52590 2.52830 2019-06-24 09:19:16
Want to analyze New Zealand Dollar/Brazilian Real NZDBRL or another symbol? Try our Free Forex Trend Analysis Report.