Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Swedish Krona/US Dollar (FOREX:SEKUSD)
Crossroads (+60) - SEKUSD 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 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 Aug 11th, 2021 at 0.11449403
The intermediate-term trend has been UP since Oct 14th, 2021 at 0.11604564
The short-term trend has been UP since Oct 13th, 2021 at 0.11467447
Smart Scan Analysis for SEKUSD
Based on our trend formula, SEKUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).