Forex Trend Analysis Report
Prepared for you on Thursday, May 28, 2020.
Australian Dollar/Swedish Krona (FOREX:AUDSEK)
Countertrend Down (-85) - AUDSEK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid AUDSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDSEK
The long-term trend has been DOWN since Dec 11th, 2019 at 6.4535500
The intermediate-term trend has been DOWN since May 6th, 2020 at 6.2826558
The short-term trend has been UP since May 25th, 2020 at 6.3372531
Smart Scan Analysis for AUDSEK
Based on our trend formula, AUDSEK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).