Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Swiss Franc/Swedish Krona (FOREX:CHFSEK)
Sidelines Mode (-55) - CHFSEK 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 CHFSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CHFSEK
The long-term trend has been DOWN since May 29th, 2020 at 9.81985
The intermediate-term trend has been DOWN since Feb 7th, 2021 at 9.30700
The short-term trend has been UP since Feb 26th, 2021 at 9.23800
Smart Scan Analysis for CHFSEK
Based on our trend formula, CHFSEK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).