Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Brazilian Real/Swedish Krona (FOREX:BRLSEK)
Countertrend Down (-85) - BRLSEK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
MarketClub’s Trade Triangles for BRLSEK
The long-term trend has been DOWN since Aug 23rd, 2019 at 2.3447500
The intermediate-term trend has been DOWN since Dec 28th, 2020 at 1.5815346
The short-term trend has been UP since Feb 17th, 2021 at 1.5491741
Smart Scan Analysis for BRLSEK
Based on our trend formula, BRLSEK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).