Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
New Zealand Dollar/Swedish Krona (FOREX:NZDSEK)
Sidelines Mode (-55) - NZDSEK 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 NZDSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NZDSEK
The long-term trend has been DOWN since Nov 13th, 2023 at 6.3861
The intermediate-term trend has been UP since Dec 3rd, 2023 at 6.5337
The short-term trend has been DOWN since Dec 7th, 2023 at 6.4054
Smart Scan Analysis for NZDSEK
Based on our trend formula, NZDSEK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).