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Forex Trend Analysis Report

Prepared for you on Tuesday, December 7, 2021.

Swedish Krona/Singapore Dollar (FOREX:SEKSGD)

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

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

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FOREX_SEKSGD
Open High Low SEKSGD Price Change
0.1504750 0.1509380 0.1497015 0.1502060 -0.0002690
Entry Signal

MarketClub’s Trade Triangles for SEKSGD

long term down The long-term trend has been DOWN since Nov 15th, 2021 at 0.1539865

intermediate term down The intermediate-term trend has been DOWN since Nov 10th, 2021 at 0.1556135

short term down The short-term trend has been DOWN since Dec 3rd, 2021 at 0.1501130

Smart Scan Analysis for SEKSGD

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

-90
Smart Scan Analysis for SEKSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1504750 0.1509380 0.1497015 0.1502060 -0.0002690
Prev. Close Volume Bid Ask Time
0.1504750 2021-12-07 23:50:40
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