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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.

FOREX_BRLDKK
Open High Low BRLDKK Price Change
1.1644753 1.1689887 1.1555956 1.1578140 -0.0066610
Entry Signal

MarketClub’s Trade Triangles for BRLDKK

long term down The long-term trend has been DOWN since Oct 8th, 2021 at 1.1638318

intermediate term up The intermediate-term trend has been UP since Nov 10th, 2021 at 1.1777750

short term down 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).

-75
Smart Scan Analysis for BRLDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1644753 1.1689887 1.1555956 1.1578140 -0.0066610
Prev. Close Volume Bid Ask Time
1.1644753 2021-12-06 16:23:49
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