Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Swedish Krona/Japanese Yen (FOREX:SEKJPY)
Long-Term Uptrend (+90) - SEKJPY is in a strong uptrend that is likely to continue. While SEKJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid SEKJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKJPY
The long-term trend has been UP since Oct 13th, 2021 at 13.03030
The intermediate-term trend has been UP since Oct 8th, 2021 at 12.84995
The short-term trend has been UP since Oct 8th, 2021 at 12.77220
Smart Scan Analysis for SEKJPY
Based on our trend formula, SEKJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).