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Forex Trend Analysis Report

Prepared for you on Monday, December 2, 2024.

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.

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

FOREX_SEKAED
Open High Low SEKAED Price Change
0.33515207 0.33582195 0.33272605 0.33437523 -0.00077700
Entry Signal

MarketClub’s Trade Triangles for SEKAED

long term down The long-term trend has been DOWN since Nov 5th, 2024 at 0.34078094

intermediate term down The intermediate-term trend has been DOWN since Oct 9th, 2024 at 0.35321955

short term down The short-term trend has been DOWN since Dec 2nd, 2024 at 0.33517594

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
0.33515207 0.33582195 0.33272605 0.33437523 -0.00077700
Prev. Close Volume Bid Ask Time
0.33515207 2024-12-02 15:23:02
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