Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Singapore Dollar/Swedish Krona (FOREX:SGDSEK)
Countertrend Down (-85) - SGDSEK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Nov 14th, 2023 at 7.851549
The intermediate-term trend has been DOWN since Nov 10th, 2023 at 7.951128
The short-term trend has been UP since Dec 8th, 2023 at 7.832859
Smart Scan Analysis for SGDSEK
Based on our trend formula, SGDSEK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).