Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
Swiss Franc/Swedish Krona (FOREX:CHFSEK)
Long-Term Downtrend (-90) - CHFSEK is in a strong downtrend that is likely to continue. While CHFSEK 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 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 Apr 27th, 2020 at 10.23260
The short-term trend has been DOWN since Aug 3rd, 2020 at 9.52070
Smart Scan Analysis for CHFSEK
Based on our trend formula, CHFSEK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).