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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

Swedish Krona/New Zealand Dollar (FOREX:SEKNZD)

Long-Term Downtrend (-90) - SEKNZD is in a strong downtrend that is likely to continue. While SEKNZD 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 SEKNZD?

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

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

FOREX_SEKNZD
Open High Low SEKNZD Price Change
0.1635315 0.1640755 0.1635095 0.1638695 +0.0003380
Entry Signal

MarketClub’s Trade Triangles for SEKNZD

long term down The long-term trend has been DOWN since Nov 23rd, 2020 at 0.1665880

intermediate term down The intermediate-term trend has been DOWN since Jan 13th, 2021 at 0.1674125

short term down The short-term trend has been DOWN since Mar 7th, 2021 at 0.1631110

Smart Scan Analysis for SEKNZD

Based on our trend formula, SEKNZD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SEKNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1635315 0.1640755 0.1635095 0.1638695 +0.0003380
Prev. Close Volume Bid Ask Time
0.1635315 2021-03-08 07:58:39
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