Forex Trend Analysis Report
Prepared for you on Thursday, November 23, 2017.
Brazilian Real/Swedish Krona (FOREX:BRLSEK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BRLSEK
The long term trend has been DOWN since Apr 26th, 2017 at 2.75175
The intermediate term trend has been UP since Nov 7th, 2017 at 2.58685
The short term trend has been UP since Nov 17th, 2017 at 2.57840
Smart Scan Analysis for BRLSEK
Based on a pre-defined weighted trend formula for chart analysis, BRLSEK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).