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Forex Trend Analysis Report

Prepared for you on Friday, May 10, 2024.

British Pound/Swedish Krona (FOREX:GBPSEK)

Weak Uptrend (+65) - GBPSEK is showing signs of weakening momentum to the upside. Monitor GBPSEK as it may be in the beginning stages 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.

FOREX_GBPSEK
Open High Low GBPSEK Price Change
13.59740 13.62910 13.55560 13.59995 +0.00255
Entry Signal

MarketClub’s Trade Triangles for GBPSEK

long term up The long-term trend has been UP since Mar 27th, 2024 at 13.3428

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2024 at 13.2237

short term down The short-term trend has been DOWN since May 10th, 2024 at 13.5611

Smart Scan Analysis for GBPSEK

Based on our trend formula, GBPSEK is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for GBPSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.59740 13.62910 13.55560 13.59995 +0.00255
Prev. Close Volume Bid Ask Time
13.59740 2024-05-10 17:00:20
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