Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Swedish Krona/Norwegian Krone (FOREX:SEKNOK)
Long-Term Downtrend (-90) - SEKNOK is in a strong downtrend that is likely to continue. While SEKNOK 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 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 Jan 6th, 2021 at 1.0282844
The intermediate-term trend has been DOWN since Jan 6th, 2021 at 1.0320994
The short-term trend has been DOWN since Feb 24th, 2021 at 1.0194633
Smart Scan Analysis for SEKNOK
Based on our trend formula, SEKNOK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).