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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

New Zealand Dollar/Swedish Krona (FOREX:NZDSEK)

Countertrend Down (-85) - NZDSEK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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

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

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

FOREX_NZDSEK
Open High Low NZDSEK Price Change
5.89805 5.91190 5.89225 5.90620 +0.00815
Entry Signal

MarketClub’s Trade Triangles for NZDSEK

long term down The long-term trend has been DOWN since Feb 27th, 2020 at 6.10200

intermediate term down The intermediate-term trend has been DOWN since Apr 30th, 2020 at 5.95575

short term up The short-term trend has been UP since May 19th, 2020 at 5.89050

Smart Scan Analysis for NZDSEK

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

-85
Smart Scan Analysis for NZDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.89805 5.91190 5.89225 5.90620 +0.00815
Prev. Close Volume Bid Ask Time
5.89805 5.90410 5.90830 2020-05-25 14:42:14
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