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Forex Trend Analysis Report

Prepared for you on Saturday, November 16, 2019.

Canadian Dollar/Swedish Krona (FOREX:CADSEK)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

Open High Low CADSEK Price Change
7.3097 7.3142 7.2763 7.2968 -0.0129
Entry Signal

MarketClub’s Trade Triangles for CADSEK

long term up The long term trend has been UP since Feb 5th, 2019 at 6.95610

intermediate term down The intermediate term trend has been DOWN since Oct 20th, 2019 at 7.35915

short term down The short term trend has been DOWN since Nov 14th, 2019 at 7.31450

Smart Scan Analysis for CADSEK

Based on a pre-defined weighted trend formula for chart analysis, CADSEK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for CADSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.3097 7.3142 7.2763 7.2968 -0.0129
Prev. Close Volume Bid Ask Time
7.3097 7.2883 7.3053 2019-11-15 16:59:52
Want to analyze Canadian Dollar/Swedish Krona CADSEK or another symbol? Try our Free Forex Trend Analysis Report.