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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

Swedish Krona/US Dollar (FOREX:SEKUSD)

Sidelines Mode (-55) - SEKUSD 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 SEKUSD?

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

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

FOREX_SEKUSD
Open High Low SEKUSD Price Change
0.09548546 0.09551310 0.09336821 0.09531059 -0.00017500
Entry Signal

MarketClub’s Trade Triangles for SEKUSD

long term down The long-term trend has been DOWN since Mar 27th, 2024 at 0.09392385

intermediate term up The intermediate-term trend has been UP since May 15th, 2024 at 0.09369040

short term down The short-term trend has been DOWN since Jun 13th, 2024 at 0.09444262

Smart Scan Analysis for SEKUSD

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

-55
Smart Scan Analysis for SEKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.09548546 0.09551310 0.09336821 0.09531059 -0.00017500
Prev. Close Volume Bid Ask Time
0.09548546 2024-06-14 17:00:02
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