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Forex Trend Analysis Report

Prepared for you on Saturday, May 18, 2024.

Japanese Yen/Swedish Krona (FOREX:JPYSEK)

Long-Term Downtrend (-90) - JPYSEK is in a strong downtrend that is likely to continue. While JPYSEK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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

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

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

FOREX_JPYSEK
Open High Low JPYSEK Price Change
0.068888 0.069101 0.068743 0.068743 -0.000145
Entry Signal

MarketClub’s Trade Triangles for JPYSEK

long term down The long-term trend has been DOWN since Apr 28th, 2023 at 0.075898

intermediate term down The intermediate-term trend has been DOWN since Apr 26th, 2024 at 0.069186

short term down The short-term trend has been DOWN since May 7th, 2024 at 0.069999

Smart Scan Analysis for JPYSEK

Based on our trend formula, JPYSEK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for JPYSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.068888 0.069101 0.068743 0.068743 -0.000145
Prev. Close Volume Bid Ask Time
0.068888 2024-05-17 17:00:22
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