Forex Trend Analysis Report
Prepared for you on Tuesday, July 25, 2017.
Brazilian Real/Swedish Krona (FOREX:BRLSEK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Jul 20th, 2017 at 2.64640
The short term trend has been DOWN since Jul 24th, 2017 at 2.62110
Smart Scan Analysis for BRLSEK
Based on a pre-defined weighted trend formula for chart analysis, BRLSEK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).