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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.

FOREX_CADSEK
Open High Low CADSEK Price Change
6.9121 6.9205 6.9096 6.9170 +0.0049
Entry Signal

MarketClub’s Trade Triangles for CADSEK

long term down The long-term trend has been DOWN since Mar 3rd, 2020 at 7.0811

intermediate term down The intermediate-term trend has been DOWN since Feb 28th, 2020 at 7.1933

short term up 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).

-75
Smart Scan Analysis for CADSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.9121 6.9205 6.9096 6.9170 +0.0049
Prev. Close Volume Bid Ask Time
6.9121 6.9150 6.9190 2020-06-02 02:18:23
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