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.
MarketClub’s Trade Triangles for SEKDKK
The long-term trend has been UP since May 29th, 2020 at 0.712635
The intermediate-term trend has been UP since Apr 17th, 2020 at 0.687565
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).