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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Swedish Krona/Singapore Dollar (FOREX:SEKSGD)

Strong Downtrend (-100) - SEKSGD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SEKSGD continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SEKSGD?

MarketClub looks at technical strength and momentum to determine if the timing is right for SEKSGD.

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FOREX_SEKSGD
Open High Low SEKSGD Price Change
0.1224995 0.1226365 0.1223770 0.1224050 -0.0000940
Entry Signal

MarketClub’s Trade Triangles for SEKSGD

long term down The long-term trend has been DOWN since Mar 28th, 2024 at 0.1265960

intermediate term down The intermediate-term trend has been DOWN since Sep 10th, 2024 at 0.1255480

short term down The short-term trend has been DOWN since Nov 19th, 2024 at 0.1219725

Smart Scan Analysis for SEKSGD

Based on our trend formula, SEKSGD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for SEKSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1224995 0.1226365 0.1223770 0.1224050 -0.0000940
Prev. Close Volume Bid Ask Time
0.1224995 2024-11-20 03:39:19
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