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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Brazilian Real/Swedish Krona (FOREX:BRLSEK)

Strong Downtrend (-100) - BRLSEK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.

FOREX_BRLSEK
Open High Low BRLSEK Price Change
1.5197952 1.5201974 1.5165972 1.5170198 -0.0027750
Entry Signal

MarketClub’s Trade Triangles for BRLSEK

long term down The long-term trend has been DOWN since Oct 4th, 2021 at 1.6001435

intermediate term down The intermediate-term trend has been DOWN since Sep 27th, 2021 at 1.6160339

short term down The short-term trend has been DOWN since Oct 19th, 2021 at 1.5621398

Smart Scan Analysis for BRLSEK

Based on our trend formula, BRLSEK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for BRLSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5197952 1.5201974 1.5165972 1.5170198 -0.0027750
Prev. Close Volume Bid Ask Time
1.5197952 2021-10-22 04:09:32
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