Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
New Zealand Dollar/Swedish Krona (FOREX:NZDSEK)
Bull Market Weakness (+75) - NZDSEK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NZDSEK as it may be in the beginning stages of a reversal.
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 Aug 11th, 2021 at 6.13380
The intermediate-term trend has been DOWN since Sep 26th, 2021 at 6.05980
The short-term trend has been UP since Oct 15th, 2021 at 6.10245
Smart Scan Analysis for NZDSEK
Based on our trend formula, NZDSEK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).