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Forex Trend Analysis Report

Prepared for you on Friday, March 24, 2023.

Euro/Swedish Krona (FOREX:EURSEK)

Countertrend Up (+85) - EURSEK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
11.193430 11.229105 11.174700 11.213505 +0.020075
Entry Signal

MarketClub’s Trade Triangles for EURSEK

long term up The long-term trend has been UP since Jul 1st, 2022 at 10.769910

intermediate term up The intermediate-term trend has been UP since Mar 7th, 2023 at 11.225345

short term up The short-term trend has been UP since Mar 23rd, 2023 at 11.228080

Smart Scan Analysis for EURSEK

Based on our trend formula, EURSEK is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for EURSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.193430 11.229105 11.174700 11.213505 +0.020075
Prev. Close Volume Bid Ask Time
11.193430 2023-03-24 08:10:50
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