Forex Trend Analysis Report
Prepared for you on Thursday, February 27, 2020.
New Zealand Dollar/Swedish Krona (FOREX:NZDSEK)
Crossroads (-60) - NZDSEK is struggling to move into a solid trend. Beware of choppy markets 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 UP since Dec 26th, 2019 at 6.2860
The intermediate-term trend has been DOWN since Jan 30th, 2020 at 6.2475
The short-term trend has been DOWN since Feb 20th, 2020 at 6.2208
Smart Scan Analysis for NZDSEK
Based on our trend formula, NZDSEK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).