Forex Trend Analysis Report
Prepared for you on Tuesday, December 7, 2021.
Swedish Krona/Singapore Dollar (FOREX:SEKSGD)
Long-Term Downtrend (-90) - SEKSGD is in a strong downtrend that is likely to continue. While SEKSGD is showing intraday strength, it remains in the confines of a bearish trend. 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.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKSGD
The long-term trend has been DOWN since Nov 15th, 2021 at 0.1539865
The intermediate-term trend has been DOWN since Nov 10th, 2021 at 0.1556135
The short-term trend has been DOWN since Dec 3rd, 2021 at 0.1501130
Smart Scan Analysis for SEKSGD
Based on our trend formula, SEKSGD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).