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Forex Trend Analysis Report

Prepared for you on Tuesday, March 2, 2021.

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
8.449000 8.471300 8.379965 8.381140 -0.067860
Entry Signal

MarketClub’s Trade Triangles for USDSEK

long term down The long-term trend has been DOWN since Jun 2nd, 2020 at 9.31000

intermediate term up The intermediate-term trend has been UP since Mar 1st, 2021 at 8.44694

short term up The short-term trend has been UP since Feb 26th, 2021 at 8.34463

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
8.449000 8.471300 8.379965 8.381140 -0.067860
Prev. Close Volume Bid Ask Time
8.449000 2021-03-02 13:04:15
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