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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

US Dollar/Swedish Krona (FOREX:USDSEK)

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

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
9.37371 9.38880 9.33774 9.34358 -0.03013
Entry Signal

MarketClub’s Trade Triangles for USDSEK

long term up The long-term trend has been UP since Feb 18th, 2020 at 9.76465

intermediate term down The intermediate-term trend has been DOWN since Apr 28th, 2020 at 9.90060

short term down The short-term trend has been DOWN since May 12th, 2020 at 9.73313

Smart Scan Analysis for USDSEK

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

-70
Smart Scan Analysis for USDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.37371 9.38880 9.33774 9.34358 -0.03013
Prev. Close Volume Bid Ask Time
9.37371 9.34208 9.34508 2020-06-02 05:44:39
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