Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

Brazilian Real/Danish Krone (FOREX:BRLDKK)

Sidelines Mode (+55) - BRLDKK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
1.4271699 1.4345877 1.4182226 1.4323758 +0.0052060
Entry Signal

MarketClub’s Trade Triangles for BRLDKK

long term down The long-term trend has been DOWN since Jul 3rd, 2022 at 1.3355105

intermediate term up The intermediate-term trend has been UP since Jul 28th, 2022 at 1.4041167

short term down The short-term trend has been DOWN since Aug 17th, 2022 at 1.4175322

Smart Scan Analysis for BRLDKK

Based on our trend formula, BRLDKK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for BRLDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4271699 1.4345877 1.4182226 1.4323758 +0.0052060
Prev. Close Volume Bid Ask Time
1.4271699 2022-08-19 16:57:44
Get a free daily analysis and signals for Brazilian Real/Danish Krone (BRLDKK) - Request Your Free Report.