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.
MarketClub’s Trade Triangles for BRLDKK
The long-term trend has been DOWN since Oct 8th, 2021 at 1.1638318
The intermediate-term trend has been DOWN since Sep 20th, 2021 at 1.1793536
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).