Forex Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
Brazilian Real/South Korean Won (FOREX:BRLKRW)
Bull Market Weakness (+75) - BRLKRW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLKRW as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid BRLKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BRLKRW
The long-term trend has been UP since Mar 8th, 2023 at 255.06366
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 248.81218
The short-term trend has been UP since Mar 27th, 2023 at 249.83161
Smart Scan Analysis for BRLKRW
Based on our trend formula, BRLKRW is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).