Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Canadian Dollar/Swedish Krona (FOREX:CADSEK)
Bear Market Rally (-75) - CADSEK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CADSEK as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for CADSEK
The long-term trend has been DOWN since Mar 3rd, 2020 at 7.0811
The intermediate-term trend has been DOWN since Feb 28th, 2020 at 7.1933
The short-term trend has been UP since Jun 2nd, 2020 at 6.9139
Smart Scan Analysis for CADSEK
Based on our trend formula, CADSEK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).