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Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

South Korean Won/Brazilian Real (FOREX:KRWBRL)

Sidelines Mode (-55) - KRWBRL 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 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.

FOREX_KRWBRL
Open High Low KRWBRL Price Change
0.00375852 0.00377175 0.00375375 0.00375558 -0.00000300
Entry Signal

MarketClub’s Trade Triangles for KRWBRL

long term down The long-term trend has been DOWN since Jan 16th, 2024 at 0.00363556

intermediate term up The intermediate-term trend has been UP since Apr 16th, 2024 at 0.00377124

short term down The short-term trend has been DOWN since May 19th, 2024 at 0.00376684

Smart Scan Analysis for KRWBRL

Based on our trend formula, KRWBRL is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for KRWBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00375852 0.00377175 0.00375375 0.00375558 -0.00000300
Prev. Close Volume Bid Ask Time
0.00375852 2024-05-20 06:15:03
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