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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

Brazilian Real/Danish Krone (FOREX:BRLDKK)

Long-Term Downtrend (-90) - BRLDKK is in a strong downtrend that is likely to continue. While BRLDKK is showing intraday strength, it remains in the confines of a bearish trend. 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.

FOREX_BRLDKK
Open High Low BRLDKK Price Change
1.3355092 1.3378523 1.3303391 1.3370417 +0.0015330
Entry Signal

MarketClub’s Trade Triangles for BRLDKK

long term down The long-term trend has been DOWN since Oct 6th, 2023 at 1.3628995

intermediate term down The intermediate-term trend has been DOWN since Feb 23rd, 2024 at 1.3818808

short term down The short-term trend has been DOWN since Apr 12th, 2024 at 1.3641944

Smart Scan Analysis for BRLDKK

Based on our trend formula, BRLDKK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BRLDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3355092 1.3378523 1.3303391 1.3370417 +0.0015330
Prev. Close Volume Bid Ask Time
1.3355092 2024-04-18 10:35:49
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