Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
Brazilian Real/South Korean Won (FOREX:BRLKRW)
Long-Term Downtrend (-90) - BRLKRW is in a strong downtrend that is likely to continue. While BRLKRW is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Oct 6th, 2021 at 216.27567
The intermediate-term trend has been DOWN since Sep 27th, 2021 at 218.74256
The short-term trend has been DOWN since Oct 19th, 2021 at 214.09847
Smart Scan Analysis for BRLKRW
Based on our trend formula, BRLKRW is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).