Forex Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
South Korean Won/Brazilian Real (FOREX:KRWBRL)
Bear Market Rally (-75) - KRWBRL is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on KRWBRL as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid KRWBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for KRWBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KRWBRL
The long-term trend has been DOWN since Mar 8th, 2023 at 0.00392009
The intermediate-term trend has been UP since Mar 13th, 2023 at 0.00402008
The short-term trend has been DOWN since Mar 27th, 2023 at 0.00402466
Smart Scan Analysis for KRWBRL
Based on our trend formula, KRWBRL is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).