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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 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.
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MarketClub’s Trade Triangles for BRLSEK
The long-term trend has been DOWN since May 28th, 2024 at 2.0397015
The intermediate-term trend has been DOWN since Nov 6th, 2024 at 1.8056480
The short-term trend has been UP since Nov 12th, 2024 at 1.8907430
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.8922754 | 1.8972785 | 1.8907475 | 1.8961652 | +0.0038900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.8922754 | 2024-11-20 03:37:11 |