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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Brazilian Real/Swedish Krona (FOREX:BRLSEK)

Sidelines Mode (-55) - BRLSEK 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 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.

FOREX_BRLSEK
Open High Low BRLSEK Price Change
2.0738016 2.0832472 2.0683654 2.0765310 +0.0027290
Entry Signal

MarketClub’s Trade Triangles for BRLSEK

long term down The long-term trend has been DOWN since Nov 29th, 2023 at 2.1187706

intermediate term down The intermediate-term trend has been DOWN since Feb 22nd, 2024 at 2.0869932

short term up The short-term trend has been UP since Mar 14th, 2024 at 2.0640230

Smart Scan Analysis for BRLSEK

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

-55
Smart Scan Analysis for BRLSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.0738016 2.0832472 2.0683654 2.0765310 +0.0027290
Prev. Close Volume Bid Ask Time
2.0738016 2024-03-18 15:51:34
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