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Forex Trend Analysis Report
Prepared for you on Tuesday, October 15, 2024.
Brazilian Real/Danish Krone (FOREX:BRLDKK)
Sidelines Mode (+50) - BRLDKK is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until BRLDKK can gain momentum.
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.
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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 Aug 12th, 2024 at 1.2447041
The short-term trend has been UP since Oct 14th, 2024 at 1.2266624
Smart Scan Analysis for BRLDKK
Based on our trend formula, BRLDKK is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.2228456 | 1.2265465 | 1.2078687 | 1.2116185 | -0.0112270 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.2228456 | 2024-10-15 18:43:56 |