Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Swedish Krona/South African Rand (FOREX:SEKZAR)
Sidelines Mode (-55) - SEKZAR 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 SEKZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKZAR
The long-term trend has been DOWN since Feb 11th, 2021 at 1.7485254
The intermediate-term trend has been DOWN since Feb 2nd, 2021 at 1.7776050
The short-term trend has been UP since Feb 25th, 2021 at 1.8033107
Smart Scan Analysis for SEKZAR
Based on our trend formula, SEKZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).