Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
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 Apr 21st, 2021 at 0.00684284
The intermediate-term trend has been DOWN since Oct 10th, 2021 at 0.00729734
The short-term trend has been UP since Oct 19th, 2021 at 0.00731921
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).