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Forex Trend Analysis Report

Prepared for you on Thursday, May 28, 2020.

Australian Dollar/Swedish Krona (FOREX:AUDSEK)

Countertrend Down (-85) - AUDSEK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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

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

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

FOREX_AUDSEK
Open High Low AUDSEK Price Change
6.3368361 6.3599686 6.3231000 6.3240915 -0.0127450
Entry Signal

MarketClub’s Trade Triangles for AUDSEK

long term down The long-term trend has been DOWN since Dec 11th, 2019 at 6.4535500

intermediate term down The intermediate-term trend has been DOWN since May 6th, 2020 at 6.2826558

short term up The short-term trend has been UP since May 25th, 2020 at 6.3372531

Smart Scan Analysis for AUDSEK

Based on our trend formula, AUDSEK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for AUDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.3368361 6.3599686 6.3231000 6.3240915 -0.0127450
Prev. Close Volume Bid Ask Time
6.3368361 6.3228915 6.3252914 2020-05-28 12:37:09
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