Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Tuesday, April 30, 2024.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for BRLKRW
The long-term trend has been DOWN since Mar 11th, 2024 at 262.37103
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 265.16535
The short-term trend has been UP since Apr 23rd, 2024 at 267.01110
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 269.08461 | 270.25572 | 269.08461 | 270.09859 | +1.01398 |
| Prev. Close | Volume | Bid | Ask | Time |
| 269.08461 | 2024-04-30 04:18:24 |