Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Canadian Dollar/Swedish Krona (FOREX:CADSEK)
Weak Downtrend (-65) - CADSEK is showing signs of a strengthening downtrend. Monitor CADSEK as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for CADSEK
The long-term trend has been DOWN since Nov 13th, 2023 at 7.8659
The intermediate-term trend has been DOWN since Nov 3rd, 2023 at 7.9645
The short-term trend has been DOWN since Dec 7th, 2023 at 7.6784
Smart Scan Analysis for CADSEK
Based on our trend formula, CADSEK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).