Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
South Korean Won/Swedish Krona (FOREX:KRWSEK)
Bear Market Rally (-75) - KRWSEK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on KRWSEK as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid KRWSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for KRWSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KRWSEK
The long-term trend has been DOWN since May 27th, 2020 at 0.00773873
The intermediate-term trend has been DOWN since Jul 13th, 2020 at 0.00763648
The short-term trend has been UP since Aug 3rd, 2020 at 0.00736113
Smart Scan Analysis for KRWSEK
Based on our trend formula, KRWSEK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).