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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

British Pound/Swedish Krona (FOREX:GBPSEK)

Countertrend Up (+85) - GBPSEK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid GBPSEK?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPSEK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPSEK
Open High Low GBPSEK Price Change
13.63120 13.65045 13.57080 13.59695 -0.03425
Entry Signal

MarketClub’s Trade Triangles for GBPSEK

long term up The long-term trend has been UP since Mar 27th, 2024 at 13.3428

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2024 at 13.2237

short term up The short-term trend has been UP since May 8th, 2024 at 13.6364

Smart Scan Analysis for GBPSEK

Based on our trend formula, GBPSEK is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for GBPSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.63120 13.65045 13.57080 13.59695 -0.03425
Prev. Close Volume Bid Ask Time
13.63120 2024-05-09 14:55:19
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