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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
US Dollar/Swedish Krona (FOREX:USDSEK)
Countertrend Up (+85) - USDSEK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid USDSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for USDSEK
The long-term trend has been UP since Mar 28th, 2024 at 10.66269
The intermediate-term trend has been UP since Mar 18th, 2024 at 10.40442
The short-term trend has been DOWN since Apr 22nd, 2024 at 10.87540
Smart Scan Analysis for USDSEK
Based on our trend formula, USDSEK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10.806495 | 10.809100 | 10.801460 | 10.807880 | +0.001385 |
| Prev. Close | Volume | Bid | Ask | Time |
| 10.806495 | 2024-04-24 00:59:14 |