Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Swedish Krona/Australian Dollar (FOREX:SEKAUD)
Sidelines Mode (-55) - SEKAUD 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 SEKAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKAUD
The long-term trend has been UP since Jun 1st, 2021 at 0.15638033
The intermediate-term trend has been DOWN since Oct 6th, 2021 at 0.15686421
The short-term trend has been UP since Oct 22nd, 2021 at 0.15589221
Smart Scan Analysis for SEKAUD
Based on our trend formula, SEKAUD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).