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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.

FOREX_BRLKRW
Open High Low BRLKRW Price Change
206.82350 207.72915 205.72124 206.77730 -0.04620
Entry Signal

MarketClub’s Trade Triangles for BRLKRW

long term down The long-term trend has been DOWN since Aug 30th, 2019 at 289.76500

intermediate term up The intermediate-term trend has been UP since Nov 6th, 2020 at 208.14050

short term up 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).

+60
Smart Scan Analysis for BRLKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
206.82350 207.72915 205.72124 206.77730 -0.04620
Prev. Close Volume Bid Ask Time
206.82350 2020-11-27 17:18:55
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