Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Australian Dollar/Swedish Krona (FOREX:AUDSEK)
Sidelines Mode (-55) - AUDSEK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Oct 13th, 2023 at 6.908500
The intermediate-term trend has been DOWN since Nov 10th, 2023 at 6.905141
The short-term trend has been UP since Nov 30th, 2023 at 6.912700
Smart Scan Analysis for AUDSEK
Based on our trend formula, AUDSEK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).