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Forex Trend Analysis Report

Prepared for you on Saturday, December 2, 2023.

Brazilian Real/South Korean Won (FOREX:BRLKRW)

Strong Downtrend (-100) - BRLKRW is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BRLKRW continues to fall. Traders should use caution 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.

FOREX_BRLKRW
Open High Low BRLKRW Price Change
265.90964 266.90633 264.17382 265.65516 -0.25448
Entry Signal

MarketClub’s Trade Triangles for BRLKRW

long term down The long-term trend has been DOWN since Oct 4th, 2023 at 261.60172

intermediate term down The intermediate-term trend has been DOWN since Nov 6th, 2023 at 266.40634

short term down The short-term trend has been DOWN since Nov 28th, 2023 at 263.53397

Smart Scan Analysis for BRLKRW

Based on our trend formula, BRLKRW is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for BRLKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
265.90964 266.90633 264.17382 265.65516 -0.25448
Prev. Close Volume Bid Ask Time
265.90964 2023-12-01 16:23:54
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