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Forex Trend Analysis Report
Prepared for you on Tuesday, May 7, 2024.
Brazilian Real/South Korean Won (FOREX:BRLKRW)
Bear Market Rally (-75) - BRLKRW is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BRLKRW as it may be in the beginning 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.
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MarketClub’s Trade Triangles for BRLKRW
The long-term trend has been DOWN since Mar 11th, 2024 at 262.37103
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 265.16535
The short-term trend has been DOWN since May 2nd, 2024 at 266.68594
Smart Scan Analysis for BRLKRW
Based on our trend formula, BRLKRW is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 267.60184 | 269.13451 | 267.51400 | 268.19047 | +0.58863 |
| Prev. Close | Volume | Bid | Ask | Time |
| 267.60184 | 2024-05-07 22:26:45 |