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Forex Trend Analysis Report

Prepared for you on Tuesday, July 5, 2022.

Swedish Krona/South African Rand (FOREX:SEKZAR)

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

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

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

FOREX_SEKZAR
Open High Low SEKZAR Price Change
1.5806860 1.5847259 1.5621146 1.5746751 -0.0060110
Entry Signal

MarketClub’s Trade Triangles for SEKZAR

long term down The long-term trend has been DOWN since Jan 20th, 2022 at 1.6721939

intermediate term down The intermediate-term trend has been DOWN since May 25th, 2022 at 1.5784434

short term down The short-term trend has been DOWN since Jul 5th, 2022 at 1.5765430

Smart Scan Analysis for SEKZAR

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

-90
Smart Scan Analysis for SEKZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5806860 1.5847259 1.5621146 1.5746751 -0.0060110
Prev. Close Volume Bid Ask Time
1.5806860 2022-07-05 17:37:08
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