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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

South Korean Won/Brazilian Real (FOREX:KRWBRL)

Bear Market Rally (-75) - KRWBRL is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on KRWBRL as it may be in the beginning 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.

FOREX_KRWBRL
Open High Low KRWBRL Price Change
0.00376016 0.00376093 0.00373985 0.00374360 -0.00001700
Entry Signal

MarketClub’s Trade Triangles for KRWBRL

long term down The long-term trend has been DOWN since Jan 16th, 2024 at 0.00363556

intermediate term up The intermediate-term trend has been UP since Feb 5th, 2024 at 0.00374785

short term down The short-term trend has been DOWN since Mar 14th, 2024 at 0.00376713

Smart Scan Analysis for KRWBRL

Based on our trend formula, KRWBRL is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for KRWBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00376016 0.00376093 0.00373985 0.00374360 -0.00001700
Prev. Close Volume Bid Ask Time
0.00376016 2024-03-19 02:44:39
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