Forex Trend Analysis Report
Prepared for you on Thursday, March 23, 2023.
Singapore Dollar/Swedish Krona (FOREX:SGDSEK)
Countertrend Up (+85) - SGDSEK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SGDSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SGDSEK
The long-term trend has been UP since Feb 6th, 2023 at 7.997829
The intermediate-term trend has been UP since Mar 7th, 2023 at 7.876883
The short-term trend has been UP since Mar 13th, 2023 at 7.951344
Smart Scan Analysis for SGDSEK
Based on our trend formula, SGDSEK is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).