Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
Euro/Swedish Krona (FOREX:EURSEK)
Strong Downtrend (-100) - EURSEK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 May 29th, 2020 at 10.48461
The intermediate-term trend has been DOWN since Apr 13th, 2020 at 10.84450
The short-term trend has been DOWN since May 28th, 2020 at 10.52050
Smart Scan Analysis for EURSEK
Based on our trend formula, EURSEK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).