Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, December 2, 2024.

Euro/Swedish Krona (FOREX:EURSEK)

Long-Term Downtrend (-90) - EURSEK is in a strong downtrend that is likely to continue. While EURSEK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid EURSEK?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURSEK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURSEK
Open High Low EURSEK Price Change
11.531740 11.540485 11.516535 11.532330 +0.000590
Entry Signal

MarketClub’s Trade Triangles for EURSEK

long term down The long-term trend has been DOWN since Nov 6th, 2024 at 11.021585

intermediate term down The intermediate-term trend has been DOWN since Nov 6th, 2024 at 11.270315

short term down The short-term trend has been DOWN since Nov 22nd, 2024 at 11.550800

Smart Scan Analysis for EURSEK

Based on our trend formula, EURSEK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EURSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.531740 11.540485 11.516535 11.532330 +0.000590
Prev. Close Volume Bid Ask Time
11.531740 2024-12-02 06:01:44
Get a free daily analysis and signals for Euro/Swedish Krona (EURSEK) - Request Your Free Report.