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Forex Trend Analysis Report

Prepared for you on Monday, June 1, 2020.

Singapore Dollar/Swedish Krona (FOREX:SGDSEK)

Strong Downtrend (-100) - SGDSEK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
6.6647449 6.6882343 6.6553437 6.6625219 -0.0022230
Entry Signal

MarketClub’s Trade Triangles for SGDSEK

long term down The long-term trend has been DOWN since May 28th, 2020 at 6.726062

intermediate term down The intermediate-term trend has been DOWN since Apr 28th, 2020 at 6.995117

short term down The short-term trend has been DOWN since May 27th, 2020 at 6.774194

Smart Scan Analysis for SGDSEK

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

-100
Smart Scan Analysis for SGDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.6647449 6.6882343 6.6553437 6.6625219 -0.0022230
Prev. Close Volume Bid Ask Time
6.6647449 6.6612452 6.6637985 2020-06-01 12:47:43
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