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Forex Trend Analysis Report

Prepared for you on Saturday, March 6, 2021.

Swedish Krona/United Arab Emirates Dirham (FOREX:SEKAED)

Long-Term Downtrend (-90) - SEKAED is in a strong downtrend that is likely to continue. While SEKAED 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 SEKAED?

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

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FOREX_SEKAED
Open High Low SEKAED Price Change
0.43180119 0.43216300 0.42873142 0.43053620 -0.00126500
Entry Signal

MarketClub’s Trade Triangles for SEKAED

long term down The long-term trend has been DOWN since Mar 5th, 2021 at 0.42903160

intermediate term down The intermediate-term trend has been DOWN since Mar 1st, 2021 at 0.43485014

short term down The short-term trend has been DOWN since Mar 4th, 2021 at 0.43246241

Smart Scan Analysis for SEKAED

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

-90
Smart Scan Analysis for SEKAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.43180119 0.43216300 0.42873142 0.43053620 -0.00126500
Prev. Close Volume Bid Ask Time
0.43180119 2021-03-05 17:00:51
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