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Forex Trend Analysis Report

Prepared for you on Thursday, April 9, 2020.

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
12.4696 12.4879 12.4182 12.4747 +0.0051
Entry Signal

MarketClub’s Trade Triangles for GBPSEK

long term down The long-term trend has been DOWN since Mar 13th, 2020 at 11.94530

intermediate term up The intermediate-term trend has been UP since Mar 30th, 2020 at 12.41345

short term down The short-term trend has been DOWN since Apr 6th, 2020 at 12.37300

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
12.4696 12.4879 12.4182 12.4747 +0.0051
Prev. Close Volume Bid Ask Time
12.4696 12.4722 12.4772 2020-04-09 06:13:05
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