Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Swedish Krona/Danish Krone (FOREX:SEKDKK)
Crossroads (-60) - SEKDKK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Nov 9th, 2020 at 0.727800
The intermediate-term trend has been DOWN since Feb 26th, 2021 at 0.730010
The short-term trend has been DOWN since Feb 23rd, 2021 at 0.738205
Smart Scan Analysis for SEKDKK
Based on our trend formula, SEKDKK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).