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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Swedish Krona/Rwandan Franc (FOREX:SEKRWF)

Crossroads (-60) - SEKRWF 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 SEKRWF?

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

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

FOREX_SEKRWF
Open High Low SEKRWF Price Change
120.10532 120.17777 120.10532 120.17777 +0.07245
Entry Signal

MarketClub’s Trade Triangles for SEKRWF

long term up The long-term trend has been UP since Nov 15th, 2022 at 102.94320

intermediate term down The intermediate-term trend has been DOWN since Mar 20th, 2024 at 123.25532

short term down The short-term trend has been DOWN since Mar 20th, 2024 at 124.02063

Smart Scan Analysis for SEKRWF

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

-60
Smart Scan Analysis for SEKRWF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
120.10532 120.17777 120.10532 120.17777 +0.07245
Prev. Close Volume Bid Ask Time
120.10532 2024-03-29 08:19:02
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