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Forex Trend Analysis Report

Prepared for you on Saturday, December 5, 2020.

Australian Dollar/Swedish Krona (FOREX:AUDSEK)

Bear Market Rally (-75) - AUDSEK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AUDSEK as it may be in the beginning of a reversal.

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
6.2751356 6.2882105 6.2494158 6.2744087 -0.0007270
Entry Signal

MarketClub’s Trade Triangles for AUDSEK

long term down The long-term trend has been DOWN since Aug 3rd, 2020 at 6.2280596

intermediate term up The intermediate-term trend has been UP since Nov 18th, 2020 at 6.3622067

short term down The short-term trend has been DOWN since Nov 30th, 2020 at 6.2504000

Smart Scan Analysis for AUDSEK

Based on our trend formula, AUDSEK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for AUDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.2751356 6.2882105 6.2494158 6.2744087 -0.0007270
Prev. Close Volume Bid Ask Time
6.2751356 2020-12-04 17:00:33
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