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Forex Trend Analysis Report
Prepared for you on Wednesday, June 7, 2023.
South Korean Won/Brazilian Real (FOREX:KRWBRL)
Sidelines Mode (-55) - KRWBRL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid KRWBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for KRWBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for KRWBRL
The long-term trend has been DOWN since Mar 8th, 2023 at 0.00392009
The intermediate-term trend has been UP since May 22nd, 2023 at 0.00380012
The short-term trend has been DOWN since Jun 4th, 2023 at 0.00378993
Smart Scan Analysis for KRWBRL
Based on our trend formula, KRWBRL is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00377887 | 0.00378180 | 0.00377570 | 0.00377596 | -0.00000300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00377887 | 2023-06-07 01:05:22 |