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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

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
264.89430 266.28957 264.11358 264.75341 -0.14089
Entry Signal

MarketClub’s Trade Triangles for BRLKRW

long term down The long-term trend has been DOWN since Mar 11th, 2024 at 262.37103

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 265.16535

short term down The short-term trend has been DOWN since May 23rd, 2024 at 264.70251

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
264.89430 266.28957 264.11358 264.75341 -0.14089
Prev. Close Volume Bid Ask Time
264.89430 2024-05-24 16:59:11
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