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Forex Trend Analysis Report

Prepared for you on Wednesday, March 22, 2023.

Brazilian Real/Danish Krone (FOREX:BRLDKK)

Crossroads (-60) - BRLDKK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

FOREX_BRLDKK
Open High Low BRLDKK Price Change
1.3182048 1.3203292 1.3081831 1.3104960 -0.0077090
Entry Signal

MarketClub’s Trade Triangles for BRLDKK

long term up The long-term trend has been UP since Mar 8th, 2023 at 1.3795023

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2023 at 1.3316207

short term down The short-term trend has been DOWN since Mar 17th, 2023 at 1.3172186

Smart Scan Analysis for BRLDKK

Based on our trend formula, BRLDKK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for BRLDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3182048 1.3203292 1.3081831 1.3104960 -0.0077090
Prev. Close Volume Bid Ask Time
1.3182048 2023-03-22 15:12:35
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