Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2023.
Swedish Krona/US Dollar (FOREX:SEKUSD)
Long-Term Downtrend (-90) - SEKUSD is in a strong downtrend that is likely to continue. While SEKUSD 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 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 May 25th, 2023 at 0.09277273
The intermediate-term trend has been DOWN since Aug 1st, 2023 at 0.09443178
The short-term trend has been DOWN since Sep 21st, 2023 at 0.08889003
Smart Scan Analysis for SEKUSD
Based on our trend formula, SEKUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).