Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
Swedish Krona/Hong Kong Dollar (FOREX:SEKHKD)
Sidelines Mode (+55) - SEKHKD 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 SEKHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKHKD
The long-term trend has been UP since Nov 15th, 2023 at 0.741310
The intermediate-term trend has been UP since Nov 6th, 2023 at 0.719845
The short-term trend has been DOWN since Dec 8th, 2023 at 0.743655
Smart Scan Analysis for SEKHKD
Based on our trend formula, SEKHKD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).