Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
British Pound/Swedish Krona (FOREX:GBPSEK)
Bear Market Rally (-75) - GBPSEK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPSEK as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GBPSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPSEK
The long-term trend has been DOWN since Mar 13th, 2020 at 11.9453
The intermediate-term trend has been DOWN since Nov 9th, 2020 at 11.2930
The short-term trend has been UP since Nov 30th, 2020 at 11.4244
Smart Scan Analysis for GBPSEK
Based on our trend formula, GBPSEK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).