Forex Trend Analysis Report
Prepared for you on Wednesday, August 10, 2022.
Swedish Krona/US Dollar (FOREX:SEKUSD)
Sidelines Mode (+55) - SEKUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SEKUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKUSD
The long-term trend has been DOWN since Nov 16th, 2021 at 0.11293673
The intermediate-term trend has been UP since Jul 25th, 2022 at 0.09853023
The short-term trend has been DOWN since Aug 2nd, 2022 at 0.09762479
Smart Scan Analysis for SEKUSD
Based on our trend formula, SEKUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).