Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
Euro/Swedish Krona (FOREX:EURSEK)
Weak Downtrend (-65) - EURSEK is showing signs of a strengthening downtrend. Monitor EURSEK as it may be building momentum to the downside.
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 UP since Aug 19th, 2021 at 10.281195
The intermediate-term trend has been DOWN since Sep 23rd, 2021 at 10.126410
The short-term trend has been DOWN since Oct 13th, 2021 at 10.097300
Smart Scan Analysis for EURSEK
Based on our trend formula, EURSEK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).