Forex Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
Swedish Krona/British Pound (FOREX:SEKGBP)
Sidelines Mode (-55) - SEKGBP 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 SEKGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKGBP
The long-term trend has been DOWN since Nov 23rd, 2021 at 0.0827170
The intermediate-term trend has been DOWN since Nov 16th, 2021 at 0.0840595
The short-term trend has been UP since Dec 7th, 2021 at 0.0831475
Smart Scan Analysis for SEKGBP
Based on our trend formula, SEKGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).