Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Euro/Swedish Krona (FOREX:EURSEK)
Sidelines Mode (-55) - EURSEK 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 EURSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURSEK
The long-term trend has been DOWN since Nov 9th, 2020 at 10.222795
The intermediate-term trend has been UP since Feb 26th, 2021 at 10.186730
The short-term trend has been DOWN since Mar 1st, 2021 at 10.040475
Smart Scan Analysis for EURSEK
Based on our trend formula, EURSEK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).