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Forex Trend Analysis Report

Prepared for you on Monday, September 21, 2020.

Singapore Dollar/Swedish Krona (FOREX:SGDSEK)

Sidelines Mode (+55) - SGDSEK 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 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
6.4518757 6.4566000 6.4452742 6.4549415 +0.0030660
Entry Signal

MarketClub’s Trade Triangles for SGDSEK

long term down The long-term trend has been DOWN since May 28th, 2020 at 6.7260620

intermediate term up The intermediate-term trend has been UP since Aug 20th, 2020 at 6.4005500

short term down The short-term trend has been DOWN since Sep 18th, 2020 at 6.4236613

Smart Scan Analysis for SGDSEK

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

+55
Smart Scan Analysis for SGDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.4518757 6.4566000 6.4452742 6.4549415 +0.0030660
Prev. Close Volume Bid Ask Time
6.4518757 6.4536447 6.4562383 2020-09-21 02:05:25
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