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Forex Trend Analysis Report

Prepared for you on Tuesday, December 5, 2023.

Swedish Krona/Japanese Yen (FOREX:SEKJPY)

Crossroads (-60) - SEKJPY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_SEKJPY
Open High Low SEKJPY Price Change
14.10220 14.12350 14.01275 14.04815 -0.05405
Entry Signal

MarketClub’s Trade Triangles for SEKJPY

long term up The long-term trend has been UP since Mar 5th, 2023 at 13.3955

intermediate term down The intermediate-term trend has been DOWN since Dec 3rd, 2023 at 13.8770

short term down The short-term trend has been DOWN since Nov 27th, 2023 at 14.2030

Smart Scan Analysis for SEKJPY

Based on our trend formula, SEKJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for SEKJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.10220 14.12350 14.01275 14.04815 -0.05405
Prev. Close Volume Bid Ask Time
14.10220 2023-12-05 19:44:45
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