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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

British Pound/Swedish Krona (FOREX:GBPSEK)

Sidelines Mode (-55) - GBPSEK 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 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.

FOREX_GBPSEK
Open High Low GBPSEK Price Change
11.86235 11.87845 11.83870 11.85385 -0.00850
Entry Signal

MarketClub’s Trade Triangles for GBPSEK

long term up The long-term trend has been UP since Jan 15th, 2021 at 11.58985

intermediate term down The intermediate-term trend has been DOWN since Aug 24th, 2021 at 11.89990

short term up The short-term trend has been UP since Oct 18th, 2021 at 11.89365

Smart Scan Analysis for GBPSEK

Based on our trend formula, GBPSEK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for GBPSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.86235 11.87845 11.83870 11.85385 -0.00850
Prev. Close Volume Bid Ask Time
11.86235 2021-10-21 06:39:18
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