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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

Singapore Dollar/Swedish Krona (FOREX:SGDSEK)

Weak Downtrend (-65) - SGDSEK is showing signs of a strengthening downtrend. Monitor SGDSEK as it may be building momentum to the downside.

Is it time to buy, sell, or avoid SGDSEK?

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

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

FOREX_SGDSEK
Open High Low SGDSEK Price Change
7.709519 7.775650 7.683691 7.756444 +0.046925
Entry Signal

MarketClub’s Trade Triangles for SGDSEK

long term up The long-term trend has been UP since Mar 28th, 2024 at 7.935099

intermediate term down The intermediate-term trend has been DOWN since May 14th, 2024 at 7.924405

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 7.701558

Smart Scan Analysis for SGDSEK

Based on our trend formula, SGDSEK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SGDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.709519 7.775650 7.683691 7.756444 +0.046925
Prev. Close Volume Bid Ask Time
7.709519 2024-06-13 16:46:41
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