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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.
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MarketClub’s Trade Triangles for CADSEK
The long-term trend has been DOWN since Nov 11th, 2022 at 7.8212
The intermediate-term trend has been DOWN since Feb 21st, 2023 at 7.6646
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).
| 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 |