Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Brazilian Real/Swedish Krona (FOREX:BRLSEK)
Strong Downtrend (-100) - BRLSEK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BRLSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BRLSEK
The long-term trend has been DOWN since Oct 4th, 2021 at 1.6001435
The intermediate-term trend has been DOWN since Sep 27th, 2021 at 1.6160339
The short-term trend has been DOWN since Oct 19th, 2021 at 1.5621398
Smart Scan Analysis for BRLSEK
Based on our trend formula, BRLSEK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).