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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Brazilian Real/South Korean Won (FOREX:BRLKRW)
Strong Downtrend (-100) - BRLKRW is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BRLKRW continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BRLKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLKRW.
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 BRLKRW
The long-term trend has been DOWN since Mar 11th, 2024 at 262.37103
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 265.16535
The short-term trend has been DOWN since Jul 17th, 2024 at 251.95953
Smart Scan Analysis for BRLKRW
Based on our trend formula, BRLKRW is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 245.19644 | 245.67879 | 244.88207 | 244.91995 | -0.27649 |
| Prev. Close | Volume | Bid | Ask | Time |
| 245.19644 | 2024-07-26 14:00:13 |