Forex Trend Analysis Report
Prepared for you on Wednesday, August 4, 2021.
Swedish Krona/Ugandan Shilling (FOREX:SEKUGX)
Crossroads (-60) - SEKUGX 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 SEKUGX?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKUGX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKUGX
The long-term trend has been DOWN since Jul 19th, 2021 at 417.36364
The intermediate-term trend has been UP since Aug 2nd, 2021 at 409.29706
The short-term trend has been UP since Aug 2nd, 2021 at 409.29706
Smart Scan Analysis for SEKUGX
Based on our trend formula, SEKUGX is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).