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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.

FOREX_BRLSEK
Open High Low BRLSEK Price Change
2.2975933 2.3021757 2.2975933 2.3021757 +0.0045820
Entry Signal

MarketClub’s Trade Triangles for BRLSEK

long term down The long term trend has been DOWN since Aug 23rd, 2019 at 2.3447500

intermediate term down The intermediate term trend has been DOWN since Nov 14th, 2019 at 2.3201480

short term down 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).

-90
Smart Scan Analysis for BRLSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.2975933 2.3021757 2.2975933 2.3021757 +0.0045820
Prev. Close Volume Bid Ask Time
2.2975933 2.2897417 2.3146097 2019-11-16 08:30:00
Want to analyze Brazilian Real/Swedish Krona BRLSEK or another symbol? Try our Free Forex Trend Analysis Report.