Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2024.

Canadian Dollar/Swedish Krona (FOREX:CADSEK)

Strong Downtrend (-100) - CADSEK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CADSEK continues to fall. Traders should use caution and set stops.

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
7.63685 7.64310 7.60580 7.61705 -0.01980
Entry Signal

MarketClub’s Trade Triangles for CADSEK

long term down The long-term trend has been DOWN since Jun 12th, 2024 at 7.53510

intermediate term down The intermediate-term trend has been DOWN since May 6th, 2024 at 7.87540

short term down The short-term trend has been DOWN since Jun 18th, 2024 at 7.61735

Smart Scan Analysis for CADSEK

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

-100
Smart Scan Analysis for CADSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.63685 7.64310 7.60580 7.61705 -0.01980
Prev. Close Volume Bid Ask Time
7.63685 2024-06-18 09:36:56
Get a free daily analysis and signals for Canadian Dollar/Swedish Krona (CADSEK) - Request Your Free Report.