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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.

FOREX_SEKBRL
Open High Low SEKBRL Price Change
0.47052273 0.47243652 0.46763722 0.47243652 +0.00191400
Entry Signal

MarketClub’s Trade Triangles for SEKBRL

long term up The long-term trend has been UP since Oct 6th, 2023 at 0.47256602

intermediate term up The intermediate-term trend has been UP since Nov 14th, 2023 at 0.45862434

short term down 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).

+85
Smart Scan Analysis for SEKBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.47052273 0.47243652 0.46763722 0.47243652 +0.00191400
Prev. Close Volume Bid Ask Time
0.47052273 2023-12-01 17:11:32
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