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.
MarketClub’s Trade Triangles for BRLKRW
The long-term trend has been DOWN since Oct 4th, 2023 at 261.60172
The intermediate-term trend has been DOWN since Nov 6th, 2023 at 266.40634
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).