Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Swedish Krona/Czech Koruna (FOREX:SEKCZK)
Sidelines Mode (+55) - SEKCZK 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 SEKCZK?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKCZK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKCZK
The long-term trend has been UP since Mar 13th, 2020 at 2.4509013
The intermediate-term trend has been UP since Feb 24th, 2020 at 2.3815507
The short-term trend has been DOWN since Jun 2nd, 2020 at 2.5585038
Smart Scan Analysis for SEKCZK
Based on our trend formula, SEKCZK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).