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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.

FOREX_SEKBRL
Open High Low SEKBRL Price Change
0.50448258 0.51017534 0.50323707 0.50687459 +0.00239200
Entry Signal

MarketClub’s Trade Triangles for SEKBRL

long term down The long-term trend has been DOWN since Mar 8th, 2023 at 0.47848261

intermediate term up The intermediate-term trend has been UP since Mar 15th, 2023 at 0.50403363

short term up 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).

+60
Smart Scan Analysis for SEKBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.50448258 0.51017534 0.50323707 0.50687459 +0.00239200
Prev. Close Volume Bid Ask Time
0.50448258 2023-03-21 20:31:53
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