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Forex Trend Analysis Report

Prepared for you on Monday, October 25, 2021.

US Dollar/Swedish Krona (FOREX:USDSEK)

Sidelines Mode (+55) - USDSEK 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 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
8.56305 8.60500 8.56213 8.59851 +0.03546
Entry Signal

MarketClub’s Trade Triangles for USDSEK

long term up The long-term trend has been UP since Aug 11th, 2021 at 8.73415

intermediate term down The intermediate-term trend has been DOWN since Oct 14th, 2021 at 8.61703

short term up The short-term trend has been UP since Oct 24th, 2021 at 8.62718

Smart Scan Analysis for USDSEK

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

+55
Smart Scan Analysis for USDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.56305 8.60500 8.56213 8.59851 +0.03546
Prev. Close Volume Bid Ask Time
8.56305 2021-10-25 07:02:19
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