Forex Trend Analysis Report
Prepared for you on Monday, February 17, 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
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 Dec 26th, 2019 at 0.1591050
The intermediate-term trend has been UP since Jan 30th, 2020 at 0.1600490
The short-term trend has been DOWN since Feb 11th, 2020 at 0.1612655
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).