Forex Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
Russian Ruble/Swedish Krona (FOREX:RUBSEK)
Sidelines Mode (+55) - RUBSEK 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 RUBSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for RUBSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RUBSEK
The long-term trend has been DOWN since Dec 6th, 2022 at 0.16374556
The intermediate-term trend has been UP since May 30th, 2023 at 0.13698272
The short-term trend has been DOWN since Jun 5th, 2023 at 0.13182259
Smart Scan Analysis for RUBSEK
Based on our trend formula, RUBSEK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).