Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
Swedish Krona/New Zealand Dollar (FOREX:SEKNZD)
Long-Term Downtrend (-90) - SEKNZD is in a strong downtrend that is likely to continue. While SEKNZD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 0.1665880
The intermediate-term trend has been DOWN since Jan 13th, 2021 at 0.1674125
The short-term trend has been DOWN since Mar 7th, 2021 at 0.1631110
Smart Scan Analysis for SEKNZD
Based on our trend formula, SEKNZD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).