Forex Trend Analysis Report
Prepared for you on Saturday, December 2, 2023.
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.
MarketClub’s Trade Triangles for SEKBRL
The long-term trend has been UP since Oct 6th, 2023 at 0.47256602
The intermediate-term trend has been UP since Nov 14th, 2023 at 0.45862434
The short-term trend has been DOWN since Dec 1st, 2023 at 0.46792078
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).