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Forex Trend Analysis Report

Prepared for you on Friday, October 23, 2020.

Australian Dollar/Swedish Krona (FOREX:AUDSEK)

Bear Market Rally (-75) - AUDSEK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AUDSEK as it may be in the beginning of a reversal.

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

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

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

FOREX_AUDSEK
Open High Low AUDSEK Price Change
6.2483500 6.2633193 6.2393687 6.2585043 +0.0101540
Entry Signal

MarketClub’s Trade Triangles for AUDSEK

long term down The long-term trend has been DOWN since Aug 3rd, 2020 at 6.2280596

intermediate term down The intermediate-term trend has been DOWN since Sep 29th, 2020 at 6.3289091

short term up The short-term trend has been UP since Oct 23rd, 2020 at 6.2580575

Smart Scan Analysis for AUDSEK

Based on our trend formula, AUDSEK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for AUDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.2483500 6.2633193 6.2393687 6.2585043 +0.0101540
Prev. Close Volume Bid Ask Time
6.2483500 2020-10-23 07:24:20
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