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Forex Trend Analysis Report

Prepared for you on Thursday, April 22, 2021.

New Zealand Dollar/Swedish Krona (FOREX:NZDSEK)

Sidelines Mode (+55) - NZDSEK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_NZDSEK
Open High Low NZDSEK Price Change
6.04810 6.05110 6.03520 6.03685 -0.01125
Entry Signal

MarketClub’s Trade Triangles for NZDSEK

long term up The long-term trend has been UP since Nov 23rd, 2020 at 6.0027

intermediate term up The intermediate-term trend has been UP since Apr 5th, 2021 at 6.1579

short term down The short-term trend has been DOWN since Apr 18th, 2021 at 6.0194

Smart Scan Analysis for NZDSEK

Based on our trend formula, NZDSEK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for NZDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.04810 6.05110 6.03520 6.03685 -0.01125
Prev. Close Volume Bid Ask Time
6.04810 2021-04-22 06:59:10
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