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Forex Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

New Zealand Dollar/Swedish Krona (FOREX:NZDSEK)

Sidelines Mode (-55) - NZDSEK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
6.40815 6.43550 6.39020 6.41610 +0.00795
Entry Signal

MarketClub’s Trade Triangles for NZDSEK

long term down The long-term trend has been DOWN since Nov 13th, 2023 at 6.3861

intermediate term up The intermediate-term trend has been UP since Dec 3rd, 2023 at 6.5337

short term down The short-term trend has been DOWN since Dec 7th, 2023 at 6.4054

Smart Scan Analysis for NZDSEK

Based on our trend formula, NZDSEK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for NZDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.40815 6.43550 6.39020 6.41610 +0.00795
Prev. Close Volume Bid Ask Time
6.40815 2023-12-08 17:07:30
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