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Forex Trend Analysis Report

Prepared for you on Thursday, March 23, 2023.

Swedish Krona/Rwandan Franc (FOREX:SEKRWF)

Sidelines Mode (+55) - SEKRWF 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 SEKRWF?

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

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

FOREX_SEKRWF
Open High Low SEKRWF Price Change
104.20025 104.20025 104.20025 104.20025 0.00000
Entry Signal

MarketClub’s Trade Triangles for SEKRWF

long term up The long-term trend has been UP since Nov 15th, 2022 at 102.94320

intermediate term down The intermediate-term trend has been DOWN since Mar 8th, 2023 at 103.13322

short term up The short-term trend has been UP since Mar 17th, 2023 at 103.73109

Smart Scan Analysis for SEKRWF

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

+55
Smart Scan Analysis for SEKRWF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
104.20025 104.20025 104.20025 104.20025 0.00000
Prev. Close Volume Bid Ask Time
104.20025 2023-03-18 03:55:54
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