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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Brazilian Real/South Korean Won (FOREX:BRLKRW)
Countertrend Down (-85) - BRLKRW 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 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 Nov 6th, 2024 at 234.94192
The short-term trend has been UP since Dec 20th, 2024 at 236.84480
Smart Scan Analysis for BRLKRW
Based on our trend formula, BRLKRW is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 234.58803 | 236.28545 | 233.76906 | 233.76906 | -0.81897 |
| Prev. Close | Volume | Bid | Ask | Time |
| 226.83137 | 2024-12-24 17:13:34 |