Forex Trend Analysis Report
Prepared for you on Thursday, December 7, 2023.
Japanese Yen/Swedish Krona (FOREX:JPYSEK)
Crossroads (+60) - JPYSEK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid JPYSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYSEK
The long-term trend has been DOWN since Apr 28th, 2023 at 0.075898
The intermediate-term trend has been UP since Dec 7th, 2023 at 0.071952
The short-term trend has been UP since Nov 29th, 2023 at 0.070423
Smart Scan Analysis for JPYSEK
Based on our trend formula, JPYSEK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).