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Forex Trend Analysis Report

Prepared for you on Wednesday, December 4, 2024.

Canadian Dollar/Swedish Krona (FOREX:CADSEK)

Sidelines Mode (+55) - CADSEK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_CADSEK
Open High Low CADSEK Price Change
7.83275 7.83910 7.74900 7.76200 -0.07075
Entry Signal

MarketClub’s Trade Triangles for CADSEK

long term up The long-term trend has been UP since Nov 5th, 2024 at 7.76990

intermediate term up The intermediate-term trend has been UP since Oct 17th, 2024 at 7.65570

short term down The short-term trend has been DOWN since Dec 4th, 2024 at 7.77885

Smart Scan Analysis for CADSEK

Based on our trend formula, CADSEK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CADSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.83275 7.83910 7.74900 7.76200 -0.07075
Prev. Close Volume Bid Ask Time
7.83275 2024-12-04 23:44:52
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