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.
MarketClub’s Trade Triangles for GBPSEK
The long-term trend has been UP since Jan 15th, 2021 at 11.58985
The intermediate-term trend has been DOWN since Aug 24th, 2021 at 11.89990
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).