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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Swedish Krona/Danish Krone (FOREX:SEKDKK)
Long-Term Downtrend (-90) - SEKDKK is in a strong downtrend that is likely to continue. While SEKDKK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SEKDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKDKK.
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 SEKDKK
The long-term trend has been DOWN since Apr 1st, 2024 at 0.643705
The intermediate-term trend has been DOWN since Mar 15th, 2024 at 0.660330
The short-term trend has been DOWN since May 7th, 2024 at 0.638850
Smart Scan Analysis for SEKDKK
Based on our trend formula, SEKDKK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.636200 | 0.636400 | 0.635450 | 0.635965 | -0.000235 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.636200 | 2024-05-09 05:15:39 |