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Forex Trend Analysis Report

Prepared for you on Tuesday, May 21, 2024.

US Dollar/Swedish Krona (FOREX:USDSEK)

Crossroads (-60) - USDSEK 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 USDSEK?

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

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

FOREX_USDSEK
Open High Low USDSEK Price Change
10.700075 10.703365 10.646320 10.670715 -0.029360
Entry Signal

MarketClub’s Trade Triangles for USDSEK

long term up The long-term trend has been UP since Mar 28th, 2024 at 10.662690

intermediate term down The intermediate-term trend has been DOWN since May 14th, 2024 at 10.704135

short term down The short-term trend has been DOWN since May 14th, 2024 at 10.813140

Smart Scan Analysis for USDSEK

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

-60
Smart Scan Analysis for USDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.700075 10.703365 10.646320 10.670715 -0.029360
Prev. Close Volume Bid Ask Time
10.700075 2024-05-21 09:49:48
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