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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

Euro/Swedish Krona (FOREX:EURSEK)

Sidelines Mode (-50) - EURSEK is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURSEK can gain momentum.

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

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

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

FOREX_EURSEK
Open High Low EURSEK Price Change
10.192055 10.197360 10.165800 10.169245 -0.022810
Entry Signal

MarketClub’s Trade Triangles for EURSEK

long term up The long-term trend has been UP since Apr 1st, 2021 at 10.268915

intermediate term down The intermediate-term trend has been DOWN since Apr 15th, 2021 at 9.168500

short term down The short-term trend has been DOWN since Apr 15th, 2021 at 9.169500

Smart Scan Analysis for EURSEK

Based on our trend formula, EURSEK is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for EURSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.192055 10.197360 10.165800 10.169245 -0.022810
Prev. Close Volume Bid Ask Time
10.192055 2021-05-06 14:40:26
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