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Forex Trend Analysis Report

Prepared for you on Thursday, September 21, 2023.

Brazilian Real/Swedish Krona (FOREX:BRLSEK)

Bull Market Weakness (+75) - BRLSEK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLSEK as it may be in the beginning stages of a reversal.

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
2.2865529 2.2941765 2.2688105 2.2700440 -0.0165090
Entry Signal

MarketClub’s Trade Triangles for BRLSEK

long term up The long-term trend has been UP since Mar 8th, 2023 at 2.0885985

intermediate term up The intermediate-term trend has been UP since Aug 1st, 2023 at 2.2331033

short term down The short-term trend has been DOWN since Sep 20th, 2023 at 2.2860717

Smart Scan Analysis for BRLSEK

Based on our trend formula, BRLSEK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for BRLSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.2865529 2.2941765 2.2688105 2.2700440 -0.0165090
Prev. Close Volume Bid Ask Time
2.2865529 2023-09-21 12:38:44
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