Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Swedish Krona/Norwegian Krone (FOREX:SEKNOK)
Countertrend Down (-85) - SEKNOK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid SEKNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKNOK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKNOK
The long-term trend has been DOWN since Sep 22nd, 2021 at 0.9960221
The intermediate-term trend has been DOWN since Aug 25th, 2021 at 1.0134000
The short-term trend has been UP since Oct 18th, 2021 at 0.9802009
Smart Scan Analysis for SEKNOK
Based on our trend formula, SEKNOK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).