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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
Brazilian Real/Danish Krone (FOREX:BRLDKK)
Countertrend Down (-85) - BRLDKK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
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MarketClub’s Trade Triangles for BRLDKK
The long-term trend has been DOWN since Oct 6th, 2023 at 1.3628995
The intermediate-term trend has been DOWN since Feb 23rd, 2024 at 1.3818808
The short-term trend has been UP since Apr 22nd, 2024 at 1.3504917
Smart Scan Analysis for BRLDKK
Based on our trend formula, BRLDKK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.3569485 | 1.3609673 | 1.3490165 | 1.3520348 | -0.0049140 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.3569485 | 2024-04-24 12:40:15 |