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Forex Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

Australian Dollar/Swedish Krona (FOREX:AUDSEK)

Sidelines Mode (+55) - AUDSEK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
7.062950 7.068518 7.016100 7.048452 -0.014498
Entry Signal

MarketClub’s Trade Triangles for AUDSEK

long term up The long-term trend has been UP since Mar 28th, 2024 at 6.971981

intermediate term down The intermediate-term trend has been DOWN since May 24th, 2024 at 7.067750

short term up The short-term trend has been UP since May 20th, 2024 at 7.179400

Smart Scan Analysis for AUDSEK

Based on our trend formula, AUDSEK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for AUDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.062950 7.068518 7.016100 7.048452 -0.014498
Prev. Close Volume Bid Ask Time
7.062950 2024-05-28 22:29:02
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