Forex Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
Swedish Krona/Hong Kong Dollar (FOREX:SEKHKD)
Long-Term Downtrend (-90) - SEKHKD is in a strong downtrend that is likely to continue. While SEKHKD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Nov 16th, 2021 at 0.879875
The intermediate-term trend has been DOWN since Jun 12th, 2022 at 0.781700
The short-term trend has been DOWN since Jun 29th, 2022 at 0.772375
Smart Scan Analysis for SEKHKD
Based on our trend formula, SEKHKD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).