Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
Brazilian Real/South Korean Won (FOREX:BRLKRW)
Weak Downtrend (-65) - BRLKRW is showing signs of a strengthening downtrend. Monitor BRLKRW as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for BRLKRW
The long-term trend has been DOWN since Aug 30th, 2019 at 289.76500
The intermediate-term trend has been DOWN since Dec 28th, 2020 at 209.44616
The short-term trend has been UP since Apr 15th, 2021 at 199.38374
Smart Scan Analysis for BRLKRW
Based on our trend formula, BRLKRW is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).