Forex Trend Analysis Report
Prepared for you on Wednesday, August 4, 2021.
Swedish Krona/Rwandan Franc (FOREX:SEKRWF)
Crossroads (-60) - SEKRWF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Jul 7th, 2021 at 117.35517
The intermediate-term trend has been UP since Aug 2nd, 2021 at 116.84592
The short-term trend has been UP since Jul 28th, 2021 at 115.70751
Smart Scan Analysis for SEKRWF
Based on our trend formula, SEKRWF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).