Free Daily Analysis

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.

FOREX_SEKNOK
Open High Low SEKNOK Price Change
0.9784900 0.9808739 0.9675049 0.9714116 -0.0070780
Entry Signal

MarketClub’s Trade Triangles for SEKNOK

long term down The long-term trend has been DOWN since Sep 22nd, 2021 at 0.9960221

intermediate term down The intermediate-term trend has been DOWN since Aug 25th, 2021 at 1.0134000

short term up 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).

-85
Smart Scan Analysis for SEKNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9784900 0.9808739 0.9675049 0.9714116 -0.0070780
Prev. Close Volume Bid Ask Time
0.9784900 2021-10-18 21:57:49
Get a free daily analysis and signals for Swedish Krona/Norwegian Krone (SEKNOK) - Request Your Free Report.