Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
Brazilian Real/South Korean Won (FOREX:BRLKRW)
Countertrend Down (-85) - BRLKRW is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Aug 30th, 2019 at 289.76500
The intermediate-term trend has been DOWN since Dec 28th, 2020 at 209.44616
The short-term trend has been UP since Feb 22nd, 2021 at 206.50661
Smart Scan Analysis for BRLKRW
Based on our trend formula, BRLKRW is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).