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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 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.
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MarketClub’s Trade Triangles for EURSEK
The long-term trend has been DOWN since Nov 6th, 2024 at 11.021585
The intermediate-term trend has been DOWN since Nov 6th, 2024 at 11.270315
The short-term trend has been DOWN since Nov 17th, 2024 at 11.564500
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.573470 | 11.577805 | 11.564390 | 11.576750 | +0.003280 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.573470 | 2024-11-20 03:45:19 |