Forex Trend Analysis Report
Prepared for you on Wednesday, May 27, 2020.
Swedish Krona/US Dollar (FOREX:SEKUSD)
Bull Market Weakness (+75) - SEKUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SEKUSD as it may be in the beginning stages of a reversal.
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 Feb 18th, 2020 at 0.10240950
The intermediate-term trend has been UP since Apr 28th, 2020 at 0.10101013
The short-term trend has been UP since May 18th, 2020 at 0.10213670
Smart Scan Analysis for SEKUSD
Based on our trend formula, SEKUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).