Forex Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
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, SHORTSYMBOL 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 Aug 30th, 2019 at 289.76500
The intermediate-term trend has been DOWN since Jan 10th, 2020 at 282.50088
The short-term trend has been DOWN since Mar 24th, 2020 at 242.38503
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).