Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
Swedish Krona/Norwegian Krone (FOREX:SEKNOK)
Sidelines Mode (+55) - SEKNOK 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 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 UP since Feb 20th, 2023 at 0.9953383
The intermediate-term trend has been UP since Jan 19th, 2023 at 0.9644000
The short-term trend has been DOWN since Mar 22nd, 2023 at 1.0086926
Smart Scan Analysis for SEKNOK
Based on our trend formula, SEKNOK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).