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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Singapore Dollar/Swedish Krona (FOREX:SGDSEK)
Strong Uptrend (+100) - SGDSEK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SGDSEK continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid SGDSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDSEK.
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 SGDSEK
The long-term trend has been UP since Mar 28th, 2024 at 7.935099
The intermediate-term trend has been UP since Mar 18th, 2024 at 7.759617
The short-term trend has been UP since May 8th, 2024 at 8.036466
Smart Scan Analysis for SGDSEK
Based on our trend formula, SGDSEK is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.049712 | 8.058150 | 8.045555 | 8.056282 | +0.006570 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.049712 | 2024-05-09 02:58:47 |