Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
Brazilian Real/South Korean Won (FOREX:BRLKRW)
Crossroads (+60) - BRLKRW is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Aug 30th, 2019 at 289.76500
The intermediate-term trend has been UP since Nov 6th, 2020 at 208.14050
The short-term trend has been UP since Nov 26th, 2020 at 208.29292
Smart Scan Analysis for BRLKRW
Based on our trend formula, BRLKRW is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).