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Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

Swedish Krona/US Dollar (FOREX:SEKUSD)

Bear Market Rally (-75) - SEKUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SEKUSD as it may be in the beginning of a reversal.

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
0.09192313 0.09223144 0.09171191 0.09200700 +0.00008400
Entry Signal

MarketClub’s Trade Triangles for SEKUSD

long term down The long-term trend has been DOWN since Mar 27th, 2024 at 0.09392385

intermediate term down The intermediate-term trend has been DOWN since Mar 14th, 2024 at 0.09546097

short term up The short-term trend has been UP since Apr 22nd, 2024 at 0.09195064

Smart Scan Analysis for SEKUSD

Based on our trend formula, SEKUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for SEKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.09192313 0.09223144 0.09171191 0.09200700 +0.00008400
Prev. Close Volume Bid Ask Time
0.09192313 2024-04-23 08:15:11
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