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Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

US Dollar/Swedish Krona (FOREX:USDSEK)

Bull Market Weakness (+75) - USDSEK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDSEK as it may be in the beginning stages of a reversal.

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.

FOREX_USDSEK
Open High Low USDSEK Price Change
10.877535 10.903680 10.808530 10.832650 -0.044885
Entry Signal

MarketClub’s Trade Triangles for USDSEK

long term up The long-term trend has been UP since Mar 28th, 2024 at 10.66269

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2024 at 10.40442

short term down 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 +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for USDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.877535 10.903680 10.808530 10.832650 -0.044885
Prev. Close Volume Bid Ask Time
10.877535 2024-04-23 11:27:23
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