Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

Canadian Dollar/Swedish Krona (FOREX:CADSEK)

Weak Downtrend (-65) - CADSEK is showing signs of a strengthening downtrend. Monitor CADSEK as it may be building momentum to the downside.

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
7.6517 7.7336 7.6463 7.7032 +0.0515
Entry Signal

MarketClub’s Trade Triangles for CADSEK

long term down The long-term trend has been DOWN since Nov 13th, 2023 at 7.8659

intermediate term down The intermediate-term trend has been DOWN since Nov 3rd, 2023 at 7.9645

short term down The short-term trend has been DOWN since Dec 7th, 2023 at 7.6784

Smart Scan Analysis for CADSEK

Based on our trend formula, CADSEK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CADSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.6517 7.7336 7.6463 7.7032 +0.0515
Prev. Close Volume Bid Ask Time
7.6517 2023-12-08 17:07:30
Get a free daily analysis and signals for Canadian Dollar/Swedish Krona (CADSEK) - Request Your Free Report.