Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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 DOWN since Oct 6th, 2023 at 1.3628995
The intermediate-term trend has been UP since Nov 18th, 2024 at 1.2260673
The short-term trend has been UP since Nov 18th, 2024 at 1.2255745
Smart Scan Analysis for BRLDKK
Based on our trend formula, BRLDKK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.2197035 | 1.2226686 | 1.2196716 | 1.2218710 | +0.0021670 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.2197035 | 2024-11-20 03:50:05 |