Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Swedish Krona/New Zealand Dollar (FOREX:SEKNZD)
Sidelines Mode (-55) - SEKNZD 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 SEKNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKNZD
The long-term trend has been DOWN since Nov 23rd, 2020 at 0.166588
The intermediate-term trend has been DOWN since Nov 3rd, 2020 at 0.168830
The short-term trend has been UP since Dec 4th, 2020 at 0.167819
Smart Scan Analysis for SEKNZD
Based on our trend formula, SEKNZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).