Forex Trend Analysis Report
Prepared for you on Wednesday, May 31, 2023.
Brazilian Real/Danish Krone (FOREX:BRLDKK)
Bull Market Weakness (+75) - BRLDKK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLDKK as it may be in the beginning stages of a reversal.
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 UP since Mar 8th, 2023 at 1.3795023
The intermediate-term trend has been UP since May 12th, 2023 at 1.3867148
The short-term trend has been DOWN since May 26th, 2023 at 1.3767212
Smart Scan Analysis for BRLDKK
Based on our trend formula, BRLDKK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).