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Forex Trend Analysis Report

Prepared for you on Thursday, February 27, 2020.

New Zealand Dollar/Swedish Krona (FOREX:NZDSEK)

Crossroads (-60) - NZDSEK is struggling to move into a solid trend. Beware of choppy markets 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
6.1205 6.1248 6.1159 6.1188 -0.0017
Entry Signal

MarketClub’s Trade Triangles for NZDSEK

long term up The long-term trend has been UP since Dec 26th, 2019 at 6.2860

intermediate term down The intermediate-term trend has been DOWN since Jan 30th, 2020 at 6.2475

short term down The short-term trend has been DOWN since Feb 20th, 2020 at 6.2208

Smart Scan Analysis for NZDSEK

Based on our trend formula, NZDSEK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for NZDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.1205 6.1248 6.1159 6.1188 -0.0017
Prev. Close Volume Bid Ask Time
6.1205 6.1170 6.1206 2020-02-27 00:55:47
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