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Forex Trend Analysis Report

Prepared for you on Saturday, October 16, 2021.

Swedish Krona/Brazilian Real (FOREX:SEKBRL)

Countertrend Up (+85) - SEKBRL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_SEKBRL
Open High Low SEKBRL Price Change
0.63896501 0.63986493 0.62947778 0.63350547 -0.00546000
Entry Signal

MarketClub’s Trade Triangles for SEKBRL

long term up The long-term trend has been UP since Oct 4th, 2021 at 0.62493363

intermediate term up The intermediate-term trend has been UP since Sep 24th, 2021 at 0.61889236

short term down The short-term trend has been DOWN since Oct 15th, 2021 at 0.62949381

Smart Scan Analysis for SEKBRL

Based on our trend formula, SEKBRL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SEKBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.63896501 0.63986493 0.62947778 0.63350547 -0.00546000
Prev. Close Volume Bid Ask Time
0.63896501 2021-10-15 17:19:10
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