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Forex Trend Analysis Report

Prepared for you on Thursday, February 25, 2021.

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.

FOREX_BRLKRW
Open High Low BRLKRW Price Change
205.07960 205.44118 202.00847 202.72064 -2.35896
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 Dec 28th, 2020 at 209.44616

short term up The short-term trend has been UP since Feb 22nd, 2021 at 206.50661

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).

-85
Smart Scan Analysis for BRLKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
205.07960 205.44118 202.00847 202.72064 -2.35896
Prev. Close Volume Bid Ask Time
205.07960 2021-02-25 12:10:37
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