Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
South Korean Won/Swedish Krona (FOREX:KRWSEK)
Sidelines Mode (-55) - KRWSEK 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 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 Dec 28th, 2020 at 0.00726629
The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 0.00745650
The short-term trend has been UP since Feb 26th, 2021 at 0.00750305
Smart Scan Analysis for KRWSEK
Based on our trend formula, KRWSEK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).