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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.

FOREX_CADSEK
Open High Low CADSEK Price Change
6.9882 6.9934 6.9684 6.9691 -0.0191
Entry Signal

MarketClub’s Trade Triangles for CADSEK

long term up The long-term trend has been UP since Oct 6th, 2021 at 6.97500

intermediate term up The intermediate-term trend has been UP since Sep 26th, 2021 at 6.84595

short term up 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).

+90
Smart Scan Analysis for CADSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.9882 6.9934 6.9684 6.9691 -0.0191
Prev. Close Volume Bid Ask Time
6.9882 2021-10-19 08:29:59
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