Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
Swedish Krona/Brazilian Real (FOREX:SEKBRL)
Crossroads (+60) - SEKBRL is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SEKBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKBRL
The long-term trend has been DOWN since Mar 8th, 2023 at 0.47848261
The intermediate-term trend has been UP since Mar 15th, 2023 at 0.50403363
The short-term trend has been UP since Mar 12th, 2023 at 0.48795670
Smart Scan Analysis for SEKBRL
Based on our trend formula, SEKBRL is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).