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Forex Trend Analysis Report

Prepared for you on Monday, April 6, 2020.

Swedish Krona/Norwegian Krone (FOREX:SEKNOK)

Weak Uptrend (+65) - SEKNOK is showing signs of weakening momentum to the upside. Monitor SEKNOK as it may be in the beginning stages of a reversal.

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

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

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

FOREX_SEKNOK
Open High Low SEKNOK Price Change
1.0382687 1.0405839 1.0270531 1.0320000 -0.0062690
Entry Signal

MarketClub’s Trade Triangles for SEKNOK

long term up The long-term trend has been UP since Aug 4th, 2019 at 0.926270

intermediate term up The intermediate-term trend has been UP since Jan 23rd, 2020 at 0.946692

short term down The short-term trend has been DOWN since Mar 31st, 2020 at 1.043225

Smart Scan Analysis for SEKNOK

Based on our trend formula, SEKNOK is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for SEKNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0382687 1.0405839 1.0270531 1.0320000 -0.0062690
Prev. Close Volume Bid Ask Time
1.0382687 1.0318000 1.0322000 2020-04-06 17:55:25
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