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Forex Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

Canadian Dollar/Swedish Krona (FOREX:CADSEK)

Countertrend Up (+85) - CADSEK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
6.96305 6.99200 6.96080 6.98290 +0.01985
Entry Signal

MarketClub’s Trade Triangles for CADSEK

long term up The long-term trend has been UP since Oct 6th, 2021 at 6.97500

intermediate term up The intermediate-term trend has been UP since Sep 26th, 2021 at 6.84595

short term down The short-term trend has been DOWN since Oct 13th, 2021 at 6.99960

Smart Scan Analysis for CADSEK

Based on our trend formula, CADSEK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for CADSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.96305 6.99200 6.96080 6.98290 +0.01985
Prev. Close Volume Bid Ask Time
6.96305 2021-10-18 07:49:54
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