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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Brazilian Real/Danish Krone (FOREX:BRLDKK)
Strong Downtrend (-100) - BRLDKK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BRLDKK continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BRLDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLDKK.
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 BRLDKK
The long-term trend has been DOWN since Oct 6th, 2023 at 1.3628995
The intermediate-term trend has been DOWN since Feb 23rd, 2024 at 1.3818808
The short-term trend has been DOWN since May 9th, 2024 at 1.3581746
Smart Scan Analysis for BRLDKK
Based on our trend formula, BRLDKK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.3628397 | 1.3666289 | 1.3390610 | 1.3398465 | -0.0229930 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.3628397 | 2024-05-09 13:06:50 |