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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

Swedish Krona/Danish Krone (FOREX:SEKDKK)

Strong Downtrend (-100) - SEKDKK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SEKDKK continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SEKDKK?

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

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

FOREX_SEKDKK
Open High Low SEKDKK Price Change
0.639340 0.642585 0.638600 0.639910 +0.000570
Entry Signal

MarketClub’s Trade Triangles for SEKDKK

long term down The long-term trend has been DOWN since Apr 1st, 2024 at 0.643705

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2024 at 0.660330

short term down The short-term trend has been DOWN since Apr 11th, 2024 at 0.646495

Smart Scan Analysis for SEKDKK

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

-100
Smart Scan Analysis for SEKDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.639340 0.642585 0.638600 0.639910 +0.000570
Prev. Close Volume Bid Ask Time
0.639340 2024-04-18 12:30:29
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