Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Swedish Krona/Rwandan Franc (FOREX:SEKRWF)
Bull Market Weakness (+75) - SEKRWF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SEKRWF as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SEKRWF?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKRWF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKRWF
The long-term trend has been UP since Nov 15th, 2022 at 102.94320
The intermediate-term trend has been UP since Nov 6th, 2023 at 111.83250
The short-term trend has been UP since Sep 11th, 2023 at 108.19479
Smart Scan Analysis for SEKRWF
Based on our trend formula, SEKRWF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).