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Forex Trend Analysis Report

Prepared for you on Tuesday, January 18, 2022.

Brazilian Real/South Korean Won (FOREX:BRLKRW)

Crossroads (+60) - BRLKRW is struggling to move into a solid trend. Beware of choppy markets 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
215.57859 216.27710 213.85551 214.17170 -1.40689
Entry Signal

MarketClub’s Trade Triangles for BRLKRW

long term down The long-term trend has been DOWN since Oct 6th, 2021 at 216.27567

intermediate term up The intermediate-term trend has been UP since Dec 30th, 2021 at 213.33216

short term up The short-term trend has been UP since Jan 7th, 2022 at 212.29307

Smart Scan Analysis for BRLKRW

Based on our trend formula, BRLKRW is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for BRLKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
215.57859 216.27710 213.85551 214.17170 -1.40689
Prev. Close Volume Bid Ask Time
215.57859 2022-01-18 21:11:36
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