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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
US Dollar/Swedish Krona (FOREX:USDSEK)
Bull Market Weakness (+75) - USDSEK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDSEK as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for USDSEK
The long-term trend has been DOWN since Jul 11th, 2024 at 10.283705
The intermediate-term trend has been UP since Jul 12th, 2024 at 10.756845
The short-term trend has been UP since Jul 26th, 2024 at 10.894400
Smart Scan Analysis for USDSEK
Based on our trend formula, USDSEK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10.82028 | 10.90948 | 10.70550 | 10.81430 | -0.00598 |
| Prev. Close | Volume | Bid | Ask | Time |
| 10.82028 | 2024-07-26 19:32:11 |