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Forex Trend Analysis Report

Prepared for you on Tuesday, February 7, 2023.

Brazilian Real/South Korean Won (FOREX:BRLKRW)

Sidelines Mode (+55) - BRLKRW is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
244.26137 245.56615 240.68133 241.35372 -2.90765
Entry Signal

MarketClub’s Trade Triangles for BRLKRW

long term down The long-term trend has been DOWN since Nov 11th, 2022 at 246.31139

intermediate term up The intermediate-term trend has been UP since Jan 17th, 2023 at 244.13008

short term down The short-term trend has been DOWN since Feb 7th, 2023 at 240.97149

Smart Scan Analysis for BRLKRW

Based on our trend formula, BRLKRW is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for BRLKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
244.26137 245.56615 240.68133 241.35372 -2.90765
Prev. Close Volume Bid Ask Time
244.26137 2023-02-07 23:26:36
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