Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
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 UP since Nov 30th, 2022 at 0.00807332
The intermediate-term trend has been UP since Mar 13th, 2023 at 0.00816267
The short-term trend has been DOWN since Mar 14th, 2023 at 0.00807714
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).