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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Canadian Dollar/Swedish Krona (FOREX:CADSEK)

Crossroads (+60) - CADSEK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid ?

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
7.33775 7.35630 7.31560 7.32120 -0.01655
Entry Signal

MarketClub’s Trade Triangles for CADSEK

long term down The long-term trend has been DOWN since Nov 29th, 2019 at 7.17665

intermediate term up The intermediate-term trend has been UP since Feb 14th, 2020 at 7.31720

short term up The short-term trend has been UP since Feb 13th, 2020 at 7.27470

Smart Scan Analysis for CADSEK

Based on our trend formula, CADSEK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CADSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.33775 7.35630 7.31560 7.32120 -0.01655
Prev. Close Volume Bid Ask Time
7.33775 7.31490 7.32750 2020-02-17 17:50:27
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