Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Canadian Dollar/Swedish Krona (FOREX:CADSEK)
Sidelines Mode (-55) - CADSEK 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 CADSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CADSEK
The long-term trend has been UP since Mar 28th, 2024 at 7.8559
The intermediate-term trend has been DOWN since May 6th, 2024 at 7.8754
The short-term trend has been UP since May 8th, 2024 at 7.9380
Smart Scan Analysis for CADSEK
Based on our trend formula, CADSEK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.94755 | 7.96555 | 7.92420 | 7.92540 | -0.02215 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.94755 | 2024-05-09 10:44:01 |