Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
Swedish Krona/Japanese Yen (FOREX:SEKJPY)
Sidelines Mode (-55) - SEKJPY 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 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 Mar 23rd, 2022 at 12.85160
The intermediate-term trend has been DOWN since Jul 5th, 2022 at 12.88100
The short-term trend has been UP since Jul 5th, 2022 at 13.20155
Smart Scan Analysis for SEKJPY
Based on our trend formula, SEKJPY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).