Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

Swedish Krona/Danish Krone (FOREX:SEKDKK)

Long-Term Uptrend (+90) - SEKDKK is in a strong uptrend that is likely to continue. While SEKDKK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid SEKDKK?

MarketClub looks at technical strength and momentum to determine if the timing is right for SEKDKK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SEKDKK
Open High Low SEKDKK Price Change
0.707340 0.713260 0.707185 0.712145 +0.004805
Entry Signal

MarketClub’s Trade Triangles for SEKDKK

long term up The long-term trend has been UP since May 29th, 2020 at 0.712635

intermediate term up The intermediate-term trend has been UP since Apr 17th, 2020 at 0.687565

short term up The short-term trend has been UP since May 28th, 2020 at 0.708415

Smart Scan Analysis for SEKDKK

Based on our trend formula, SEKDKK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for SEKDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.707340 0.713260 0.707185 0.712145 +0.004805
Prev. Close Volume Bid Ask Time
0.707340 0.709850 0.714440 2020-05-29 17:08:56
Get a free daily analysis and signals for Swedish Krona/Danish Krone (SEKDKK) - Request Your Free Report.