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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Swedish Krona/US Dollar (FOREX:SEKUSD)

Crossroads (+60) - SEKUSD is struggling to move into a solid trend. Beware of choppy markets 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
0.11628094 0.11680367 0.11621151 0.11664550 +0.00036500
Entry Signal

MarketClub’s Trade Triangles for SEKUSD

long term down The long-term trend has been DOWN since Aug 11th, 2021 at 0.11449403

intermediate term up The intermediate-term trend has been UP since Oct 14th, 2021 at 0.11604564

short term up The short-term trend has been UP since Oct 13th, 2021 at 0.11467447

Smart Scan Analysis for SEKUSD

Based on our trend formula, SEKUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for SEKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11628094 0.11680367 0.11621151 0.11664550 +0.00036500
Prev. Close Volume Bid Ask Time
0.11628094 2021-10-22 17:00:53
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