Forex Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
Swedish Krona/Norwegian Krone (FOREX:SEKNOK)
Weak Uptrend (+65) - SEKNOK is showing signs of weakening momentum to the upside. Monitor SEKNOK as it may be in the beginning stages of a reversal.
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 Aug 4th, 2019 at 0.926270
The intermediate-term trend has been UP since Jan 23rd, 2020 at 0.946692
The short-term trend has been DOWN since Mar 31st, 2020 at 1.043225
Smart Scan Analysis for SEKNOK
Based on our trend formula, SEKNOK is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).