Forex Trend Analysis Report
Prepared for you on Wednesday, August 21, 2019.
Brazilian Real/Swedish Krona (FOREX:BRLSEK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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 UP since Oct 8th, 2018 at 2.41935
The intermediate term trend has been DOWN since Aug 5th, 2019 at 2.47740
The short term trend has been DOWN since Aug 20th, 2019 at 2.37590
Smart Scan Analysis for BRLSEK
Based on a pre-defined weighted trend formula for chart analysis, BRLSEK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).