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Forex Trend Analysis Report

Prepared for you on Wednesday, June 16, 2021.

Swedish Krona/Danish Krone (FOREX:SEKDKK)

Sidelines Mode (+55) - SEKDKK 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 SEKDKK?

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

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

FOREX_SEKDKK
Open High Low SEKDKK Price Change
0.736765 0.736835 0.731135 0.732800 -0.003965
Entry Signal

MarketClub’s Trade Triangles for SEKDKK

long term up The long-term trend has been UP since Jun 2nd, 2021 at 0.73762

intermediate term up The intermediate-term trend has been UP since Apr 14th, 2021 at 0.73306

short term down The short-term trend has been DOWN since Jun 14th, 2021 at 0.73740

Smart Scan Analysis for SEKDKK

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

+55
Smart Scan Analysis for SEKDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.736765 0.736835 0.731135 0.732800 -0.003965
Prev. Close Volume Bid Ask Time
0.736765 2021-06-16 20:03:12
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