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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South Korean Won/Brazilian Real (FOREX:KRWBRL)
Bull Market Weakness (+75) - KRWBRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on KRWBRL as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid KRWBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for KRWBRL.
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 KRWBRL
The long-term trend has been DOWN since Jan 16th, 2024 at 0.00363556
The intermediate-term trend has been UP since Apr 16th, 2024 at 0.00377124
The short-term trend has been UP since May 9th, 2024 at 0.00376008
Smart Scan Analysis for KRWBRL
Based on our trend formula, KRWBRL is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00372237 | 0.00378530 | 0.00370637 | 0.00378352 | +0.00006100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00372237 | 2024-05-09 10:21:30 |