Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Brazilian Real/Swedish Krona (FOREX:BRLSEK)

Sidelines Mode (+55) - BRLSEK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
1.7459951 1.7467625 1.7459951 1.7466556 +0.0006600
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 up The intermediate-term trend has been UP since May 27th, 2020 at 1.8103897

short term down The short-term trend has been DOWN since May 29th, 2020 at 1.7582850

Smart Scan Analysis for BRLSEK

Based on our trend formula, BRLSEK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for BRLSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.7459951 1.7467625 1.7459951 1.7466556 +0.0006600
Prev. Close Volume Bid Ask Time
1.7459951 1.7454856 1.7478256 2020-06-02 00:51:13
Get a free daily analysis and signals for Brazilian Real/Swedish Krona (BRLSEK) - Request Your Free Report.