Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
Swedish Krona/Norwegian Krone (FOREX:SEKNOK)
Crossroads (-60) - SEKNOK is struggling to move into a solid trend. Beware of choppy markets 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 May 11th, 2022 at 0.9699748
The intermediate-term trend has been DOWN since Jul 3rd, 2022 at 0.9606203
The short-term trend has been DOWN since Jun 26th, 2022 at 0.9695963
Smart Scan Analysis for SEKNOK
Based on our trend formula, SEKNOK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).