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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.

FOREX_BRLSEK
Open High Low BRLSEK Price Change
2.2329133 2.2373421 2.2102808 2.2155350 -0.0173780
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 Jan 13th, 2020 at 2.2918719

short term down 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).

-90
Smart Scan Analysis for BRLSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.2329133 2.2373421 2.2102808 2.2155350 -0.0173780
Prev. Close Volume Bid Ask Time
2.2329133 2.2136735 2.2173965 2020-02-21 16:58:13
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