Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
British Pound/Swedish Krona (FOREX:GBPSEK)
Strong Downtrend (-100) - GBPSEK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPSEK continues to fall. Traders should use caution and set stops.
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 Nov 14th, 2023 at 13.24015
The intermediate-term trend has been DOWN since Nov 13th, 2023 at 13.29340
The short-term trend has been DOWN since Dec 6th, 2023 at 13.15520
Smart Scan Analysis for GBPSEK
Based on our trend formula, GBPSEK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).