Forex Trend Analysis Report
Prepared for you on Saturday, February 22, 2020.
Brazilian Real/Swedish Krona (FOREX:BRLSEK)
Long-Term Downtrend (-90) - BRLSEK is in a strong downtrend that is likely to continue. While BRLSEK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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 Jan 13th, 2020 at 2.2918719
The short-term trend has been DOWN since Feb 20th, 2020 at 2.2365871
Smart Scan Analysis for BRLSEK
Based on our trend formula, BRLSEK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).