Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
Canadian Dollar/Swedish Krona (FOREX:CADSEK)
Long-Term Uptrend (+90) - CADSEK is in a strong uptrend that is likely to continue. While CADSEK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid CADSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADSEK
The long-term trend has been UP since Oct 6th, 2021 at 6.97500
The intermediate-term trend has been UP since Sep 26th, 2021 at 6.84595
The short-term trend has been UP since Oct 18th, 2021 at 7.00470
Smart Scan Analysis for CADSEK
Based on our trend formula, CADSEK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).