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Forex Trend Analysis Report

Prepared for you on Monday, October 25, 2021.

Brazilian Real/Danish Krone (FOREX:BRLDKK)

Countertrend Down (-85) - BRLDKK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_BRLDKK
Open High Low BRLDKK Price Change
1.1286412 1.1567801 1.1286078 1.1523127 +0.0236720
Entry Signal

MarketClub’s Trade Triangles for BRLDKK

long term down The long-term trend has been DOWN since Oct 8th, 2021 at 1.1638318

intermediate term down The intermediate-term trend has been DOWN since Sep 20th, 2021 at 1.1793536

short term up The short-term trend has been UP since Oct 25th, 2021 at 1.1421651

Smart Scan Analysis for BRLDKK

Based on our trend formula, BRLDKK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for BRLDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1286412 1.1567801 1.1286078 1.1523127 +0.0236720
Prev. Close Volume Bid Ask Time
1.1286412 2021-10-25 16:52:27
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