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Forex Trend Analysis Report

Prepared for you on Friday, June 14, 2024.

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
0.0748715 0.0749770 0.0745455 0.0747560 -0.0001150
Entry Signal

MarketClub’s Trade Triangles for SEKGBP

long term down The long-term trend has been DOWN since Mar 27th, 2024 at 0.0749480

intermediate term up The intermediate-term trend has been UP since May 28th, 2024 at 0.0740165

short term down The short-term trend has been DOWN since Jun 14th, 2024 at 0.0746275

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
0.0748715 0.0749770 0.0745455 0.0747560 -0.0001150
Prev. Close Volume Bid Ask Time
0.0748715 2024-06-14 11:00:49
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