Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Tuesday, May 7, 2024.
Brazilian Real/Swedish Krona (FOREX:BRLSEK)
Strong Uptrend (+100) - BRLSEK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, BRLSEK continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid BRLSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for BRLSEK
The long-term trend has been UP since Mar 28th, 2024 at 2.1457062
The intermediate-term trend has been UP since Apr 26th, 2024 at 2.1383650
The short-term trend has been UP since May 7th, 2024 at 2.1379748
Smart Scan Analysis for BRLSEK
Based on our trend formula, BRLSEK is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.1321960 | 2.1402303 | 2.1315848 | 2.1396839 | +0.0074880 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.1321960 | 2024-05-07 09:19:22 |