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Forex Trend Analysis Report

Prepared for you on Friday, April 12, 2024.

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.

FOREX_BRLKRW
Open High Low BRLKRW Price Change
271.20465 271.46312 269.25501 269.65505 -1.54960
Entry Signal

MarketClub’s Trade Triangles for BRLKRW

long term down The long-term trend has been DOWN since Mar 11th, 2024 at 262.37103

intermediate term up The intermediate-term trend has been UP since Mar 27th, 2024 at 270.29312

short term up The short-term trend has been UP since Apr 8th, 2024 at 268.71845

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).

+60
Smart Scan Analysis for BRLKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
271.20465 271.46312 269.25501 269.65505 -1.54960
Prev. Close Volume Bid Ask Time
271.20465 2024-04-12 09:33:21
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