Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
New Zealand Dollar/Swedish Krona (FOREX:NZDSEK)
Countertrend Down (-85) - NZDSEK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 Feb 27th, 2020 at 6.10200
The intermediate-term trend has been DOWN since Apr 30th, 2020 at 5.95575
The short-term trend has been UP since May 19th, 2020 at 5.89050
Smart Scan Analysis for NZDSEK
Based on our trend formula, NZDSEK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).