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Forex Trend Analysis Report

Prepared for you on Monday, July 22, 2024.

Australian Dollar/Swedish Krona (FOREX:AUDSEK)

Sidelines Mode (-50) - AUDSEK is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until AUDSEK can gain momentum.

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
7.11820 7.12380 7.11360 7.12065 +0.00245
Entry Signal

MarketClub’s Trade Triangles for AUDSEK

long term up The long-term trend has been UP since Mar 28th, 2024 at 6.971981

intermediate term down The intermediate-term trend has been DOWN since Jul 18th, 2024 at 6.955925

short term down The short-term trend has been DOWN since Jul 17th, 2024 at 7.102700

Smart Scan Analysis for AUDSEK

Based on our trend formula, AUDSEK is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for AUDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.11820 7.12380 7.11360 7.12065 +0.00245
Prev. Close Volume Bid Ask Time
7.11820 2024-07-22 01:31:53
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