Forex Trend Analysis Report
Prepared for you on Friday, October 15, 2021.
Swedish Krona/New Zealand Dollar (FOREX:SEKNZD)
Bear Market Rally (-75) - SEKNZD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SEKNZD as it may be in the beginning of a reversal.
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 Aug 11th, 2021 at 0.163059
The intermediate-term trend has been UP since Sep 26th, 2021 at 0.164977
The short-term trend has been DOWN since Oct 15th, 2021 at 0.163869
Smart Scan Analysis for SEKNZD
Based on our trend formula, SEKNZD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).