Forex Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
Swedish Krona/Russian Ruble (FOREX:SEKRUB)
Sidelines Mode (-55) - SEKRUB 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 SEKRUB?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKRUB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKRUB
The long-term trend has been UP since Feb 9th, 2023 at 7.022936
The intermediate-term trend has been DOWN since May 4th, 2023 at 7.670781
The short-term trend has been UP since May 31st, 2023 at 7.499971
Smart Scan Analysis for SEKRUB
Based on our trend formula, SEKRUB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).