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Forex Trend Analysis Report

Prepared for you on Monday, March 30, 2020.

Brazilian Real/South Korean Won (FOREX:BRLKRW)

Long-Term Downtrend (-90) - BRLKRW is in a strong downtrend that is likely to continue. While BRLKRW is showing intraday strength, it remains in the confines of a bearish trend. 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.

FOREX_BRLKRW
Open High Low BRLKRW Price Change
239.82739 240.36025 239.65114 240.21679 +0.38940
Entry Signal

MarketClub’s Trade Triangles for BRLKRW

long term down The long-term trend has been DOWN since Aug 30th, 2019 at 289.76500

intermediate term down The intermediate-term trend has been DOWN since Jan 10th, 2020 at 282.50088

short term down The short-term trend has been DOWN since Mar 24th, 2020 at 242.38503

Smart Scan Analysis for BRLKRW

Based on our trend formula, BRLKRW is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BRLKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
239.82739 240.36025 239.65114 240.21679 +0.38940
Prev. Close Volume Bid Ask Time
239.82739 239.95111 240.48247 2020-03-30 07:01:22
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