Forex Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
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 DOWN since Feb 10th, 2020 at 0.80211
The intermediate-term trend has been DOWN since Mar 12th, 2020 at 0.79144
The short-term trend has been UP since Apr 7th, 2020 at 0.76798
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).