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Forex Trend Analysis Report

Prepared for you on Thursday, April 9, 2020.

Swedish Krona/British Pound (FOREX:SEKGBP)

Sidelines Mode (-55) - SEKGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_SEKGBP
Open High Low SEKGBP Price Change
0.0801215 0.0804950 0.0798925 0.0798925 -0.0002290
Entry Signal

MarketClub’s Trade Triangles for SEKGBP

long term up The long-term trend has been UP since Mar 13th, 2020 at 0.08372711

intermediate term down The intermediate-term trend has been DOWN since Mar 30th, 2020 at 0.08055800

short term up The short-term trend has been UP since Apr 6th, 2020 at 0.08071500

Smart Scan Analysis for SEKGBP

Based on our trend formula, SEKGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for SEKGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0801215 0.0804950 0.0798925 0.0798925 -0.0002290
Prev. Close Volume Bid Ask Time
0.0801215 0.0798720 0.0799130 2020-04-09 07:04:05
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