Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
Brazilian Real/Swedish Krona (FOREX:BRLSEK)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BRLSEK
The long term trend has been DOWN since Aug 23rd, 2019 at 2.3447500
The intermediate term trend has been DOWN since Nov 14th, 2019 at 2.3201480
The short term trend has been DOWN since Nov 6th, 2019 at 2.3889959
Smart Scan Analysis for BRLSEK
Based on a pre-defined weighted trend formula for chart analysis, BRLSEK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).