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Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
Singapore Dollar/Swedish Krona (FOREX:SGDSEK)
Countertrend Up (+85) - SGDSEK 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 SGDSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SGDSEK
The long-term trend has been UP since Mar 28th, 2024 at 7.935099
The intermediate-term trend has been UP since Mar 18th, 2024 at 7.759617
The short-term trend has been DOWN since Apr 22nd, 2024 at 7.996523
Smart Scan Analysis for SGDSEK
Based on our trend formula, SGDSEK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.990790 | 7.998077 | 7.959904 | 7.991639 | +0.000849 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.990790 | 2024-04-23 05:26:18 |