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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Singapore Dollar/Swedish Krona (FOREX:SGDSEK)

Crossroads (+60) - SGDSEK 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 SGDSEK?

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

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

FOREX_SGDSEK
Open High Low SGDSEK Price Change
8.167100 8.189156 8.132720 8.148572 -0.018528
Entry Signal

MarketClub’s Trade Triangles for SGDSEK

long term up The long-term trend has been UP since Mar 28th, 2024 at 7.935099

intermediate term down The intermediate-term trend has been DOWN since Dec 25th, 2024 at 8.039030

short term down The short-term trend has been DOWN since Dec 25th, 2024 at 8.105940

Smart Scan Analysis for SGDSEK

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

+60
Smart Scan Analysis for SGDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.167100 8.189156 8.132720 8.148572 -0.018528
Prev. Close Volume Bid Ask Time
8.167100 2024-12-26 08:11:16
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