Forex Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
Brazilian Real/Swedish Krona (FOREX:BRLSEK)
Sidelines Mode (-55) - BRLSEK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Aug 23rd, 2019 at 2.3447500
The intermediate-term trend has been DOWN since Apr 12th, 2021 at 1.4961210
The short-term trend has been UP since Apr 16th, 2021 at 1.5157076
Smart Scan Analysis for BRLSEK
Based on our trend formula, BRLSEK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).