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Forex Trend Analysis Report

Prepared for you on Wednesday, August 10, 2022.

Swedish Krona/US Dollar (FOREX:SEKUSD)

Sidelines Mode (+55) - SEKUSD 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 SEKUSD?

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

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

FOREX_SEKUSD
Open High Low SEKUSD Price Change
0.09837949 0.09852105 0.09820579 0.09846837 +0.00008900
Entry Signal

MarketClub’s Trade Triangles for SEKUSD

long term down The long-term trend has been DOWN since Nov 16th, 2021 at 0.11293673

intermediate term up The intermediate-term trend has been UP since Jul 25th, 2022 at 0.09853023

short term down The short-term trend has been DOWN since Aug 2nd, 2022 at 0.09762479

Smart Scan Analysis for SEKUSD

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

+55
Smart Scan Analysis for SEKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.09837949 0.09852105 0.09820579 0.09846837 +0.00008900
Prev. Close Volume Bid Ask Time
0.09837949 2022-08-10 05:07:33
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