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Forex Trend Analysis Report

Prepared for you on Thursday, March 30, 2023.

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
7.67140 7.67735 7.66610 7.67325 +0.00185
Entry Signal

MarketClub’s Trade Triangles for CADSEK

long term down The long-term trend has been DOWN since Nov 11th, 2022 at 7.8212

intermediate term down The intermediate-term trend has been DOWN since Feb 21st, 2023 at 7.6646

short term up The short-term trend has been UP since Mar 27th, 2023 at 7.5951

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
7.67140 7.67735 7.66610 7.67325 +0.00185
Prev. Close Volume Bid Ask Time
7.67140 2023-03-30 02:04:54
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