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Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

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
0.1240225 0.1243540 0.1238235 0.1243190 +0.0002970
Entry Signal

MarketClub’s Trade Triangles for SEKSGD

long term down The long-term trend has been DOWN since Mar 28th, 2024 at 0.1265960

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2024 at 0.1288830

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 0.1265655

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
0.1240225 0.1243540 0.1238235 0.1243190 +0.0002970
Prev. Close Volume Bid Ask Time
0.1240225 2024-04-19 06:13:33
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