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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

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
0.34900511 0.34946031 0.34648878 0.34688735 -0.00211800
Entry Signal

MarketClub’s Trade Triangles for SEKAED

long term down The long-term trend has been DOWN since Nov 16th, 2021 at 0.41482890

intermediate term down The intermediate-term trend has been DOWN since Aug 16th, 2022 at 0.35463597

short term down The short-term trend has been DOWN since Aug 12th, 2022 at 0.36071798

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
0.34900511 0.34946031 0.34648878 0.34688735 -0.00211800
Prev. Close Volume Bid Ask Time
0.34900511 2022-08-19 17:04:54
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