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Forex Trend Analysis Report

Prepared for you on Thursday, November 15, 2018.

Brazilian Real/South Korean Won (FOREX:BRLKRW)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

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_BRLKRW
Open High Low BRLKRW Price Change
299.945 299.975 298.010 298.255 -1.690
Entry Signal

MarketClub’s Trade Triangles for BRLKRW

long term up The long term trend has been UP since Oct 8th, 2018 at 304.740

intermediate term down The intermediate term trend has been DOWN since Nov 6th, 2018 at 298.215

short term down The short term trend has been DOWN since Oct 30th, 2018 at 306.750

Smart Scan Analysis for BRLKRW

Based on a pre-defined weighted trend formula for chart analysis, BRLKRW scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for BRLKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
299.945 299.975 298.010 298.255 -1.690
Prev. Close Volume Bid Ask Time
299.945 298.160 298.350 2018-11-08 19:19:50
Want to analyze Brazilian Real/South Korean Won BRLKRW or another symbol? Try our Free Forex Trend Analysis Report.