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.
MarketClub’s Trade Triangles for BRLKRW
The long-term trend has been DOWN since Nov 11th, 2022 at 246.31139
The intermediate-term trend has been UP since Jan 17th, 2023 at 244.13008
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).