Forex Trend Analysis Report
Prepared for you on Monday, June 18, 2018.
Brazilian Real/Swedish Krona (FOREX:BRLSEK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 DOWN since May 9th, 2018 at 2.43600
The short term trend has been UP since Jun 15th, 2018 at 2.35470
Smart Scan Analysis for BRLSEK
Based on a pre-defined weighted trend formula for chart analysis, BRLSEK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).