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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.

FOREX_GBPSEK
Open High Low GBPSEK Price Change
11.3583 11.3889 11.3196 11.3589 +0.0006
Entry Signal

MarketClub’s Trade Triangles for GBPSEK

long term down The long-term trend has been DOWN since Mar 13th, 2020 at 11.9453

intermediate term down The intermediate-term trend has been DOWN since Nov 9th, 2020 at 11.2930

short term up 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).

-75
Smart Scan Analysis for GBPSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.3583 11.3889 11.3196 11.3589 +0.0006
Prev. Close Volume Bid Ask Time
11.3583 2020-12-04 08:36:39
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