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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.

FOREX_BRLSEK
Open High Low BRLSEK Price Change
1.5036946 1.5234836 1.5014026 1.5088297 +0.0051350
Entry Signal

MarketClub’s Trade Triangles for BRLSEK

long term down The long-term trend has been DOWN since Aug 23rd, 2019 at 2.3447500

intermediate term down The intermediate-term trend has been DOWN since Dec 28th, 2020 at 1.5815346

short term up 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).

-85
Smart Scan Analysis for BRLSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5036946 1.5234836 1.5014026 1.5088297 +0.0051350
Prev. Close Volume Bid Ask Time
1.5036946 2021-02-26 10:39:05
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