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Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

Brazilian Real/Swedish Krona (FOREX:BRLSEK)

Weak Downtrend (-65) - BRLSEK is showing signs of a strengthening downtrend. Monitor BRLSEK as it may be building momentum to the downside.

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.

FOREX_BRLSEK
Open High Low BRLSEK Price Change
2.0970950 2.1005452 2.0875473 2.0916282 -0.0054670
Entry Signal

MarketClub’s Trade Triangles for BRLSEK

long term up The long-term trend has been UP since Mar 28th, 2024 at 2.1457062

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2024 at 2.0892519

short term down The short-term trend has been DOWN since May 15th, 2024 at 2.0980153

Smart Scan Analysis for BRLSEK

Based on our trend formula, BRLSEK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for BRLSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.0970950 2.1005452 2.0875473 2.0916282 -0.0054670
Prev. Close Volume Bid Ask Time
2.0970950 2024-05-20 21:01:09
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