Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
Swedish Krona/United Arab Emirates Dirham (FOREX:SEKAED)
Long-Term Downtrend (-90) - SEKAED is in a strong downtrend that is likely to continue. While SEKAED is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SEKAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKAED.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKAED
The long-term trend has been DOWN since Nov 16th, 2021 at 0.41482890
The intermediate-term trend has been DOWN since Aug 16th, 2022 at 0.35463597
The short-term trend has been DOWN since Aug 12th, 2022 at 0.36071798
Smart Scan Analysis for SEKAED
Based on our trend formula, SEKAED is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).