Forex Trend Analysis Report
Prepared for you on Friday, February 23, 2018.
Brazilian Real/Swedish Krona (FOREX:BRLSEK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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 Feb 23rd, 2018 at 2.50860
The short term trend has been UP since Feb 20th, 2018 at 2.47640
Smart Scan Analysis for BRLSEK
Based on a pre-defined weighted trend formula for chart analysis, BRLSEK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).