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Forex Trend Analysis Report

Prepared for you on Wednesday, October 20, 2021.

Brazilian Real/South Korean Won (FOREX:BRLKRW)

Long-Term Downtrend (-90) - BRLKRW is in a strong downtrend that is likely to continue. While BRLKRW is showing intraday strength, it remains in the confines of a bearish trend. 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
210.36031 210.56817 209.87950 210.31137 -0.04894
Entry Signal

MarketClub’s Trade Triangles for BRLKRW

long term down The long-term trend has been DOWN since Oct 6th, 2021 at 216.27567

intermediate term down The intermediate-term trend has been DOWN since Sep 27th, 2021 at 218.74256

short term down The short-term trend has been DOWN since Oct 19th, 2021 at 214.09847

Smart Scan Analysis for BRLKRW

Based on our trend formula, BRLKRW is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BRLKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
210.36031 210.56817 209.87950 210.31137 -0.04894
Prev. Close Volume Bid Ask Time
210.36031 2021-10-20 05:22:06
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