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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Swedish Krona/Norwegian Krone (FOREX:SEKNOK)

Weak Downtrend (-65) - SEKNOK is showing signs of a strengthening downtrend. Monitor SEKNOK as it may be building momentum to the downside.

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.

FOREX_SEKNOK
Open High Low SEKNOK Price Change
1.0076635 1.0108617 1.0057032 1.0101750 +0.0025110
Entry Signal

MarketClub’s Trade Triangles for SEKNOK

long term down The long-term trend has been DOWN since Feb 2nd, 2024 at 0.9929755

intermediate term down The intermediate-term trend has been DOWN since Mar 14th, 2024 at 1.0048586

short term down The short-term trend has been DOWN since Apr 23rd, 2024 at 1.0053250

Smart Scan Analysis for SEKNOK

Based on our trend formula, SEKNOK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SEKNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0076635 1.0108617 1.0057032 1.0101750 +0.0025110
Prev. Close Volume Bid Ask Time
1.0076635 2024-04-24 11:09:37
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