Forex Trend Analysis Report
Prepared for you on Monday, December 6, 2021.
Brazilian Real/Danish Krone (FOREX:BRLDKK)
Bear Market Rally (-75) - BRLDKK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BRLDKK as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid BRLDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BRLDKK
The long-term trend has been DOWN since Oct 8th, 2021 at 1.1638318
The intermediate-term trend has been UP since Nov 10th, 2021 at 1.1777750
The short-term trend has been DOWN since Nov 30th, 2021 at 1.1690202
Smart Scan Analysis for BRLDKK
Based on our trend formula, BRLDKK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).